CARACOL, Haiti (AP) — The Haitian government has signed an agreement to allow a local paint manufacturing company to become the second tenant of a major U.S.-backed industrial park in the northern end of the country
Peintures Caraibes SA will join South Korean garment manufacturer Sae-A Trading Co. Ltd. and export paint made by Sherwin Williams along with its own locally produced paint.
Peintures Caraibes will initially employ 167 people at the new site, with the expectation of hiring a total of 350 people. The facility is due to open in October.
The Caracol Park is financed by $224 million in subsidies that followed the 2010 earthquake and is the U.S. government's biggest investment in Haiti since the disaster.
The agreement was signed Tuesday.