The Marble Business in Dominican Republic

Creating mixed capital companies and increasing promotion in new markets are some of the alternatives that businesses are proposing to further develop the marble industry.

Wednesday, November 15, 2017

Figures from the Central Bank indicate that in 2016 marble production rose by 15% with respect to the previous year, followed by an increase of almost 8% in the production of sand, grit and gravel. Given the particular and complex characteristics of marble production, business people working in the sector believe that more investment is needed for the Dominican marble industry in order to take advantage of its maximum potential.

Eldinero.com.do reports that "...The adviser to the Executive Power in geosciences, seismicity and disaster prevention, Osiris de León, believes that mixed public-private companies can be created where the State contributes the mining reserve and investors the capital to buy the necessary equipment for exploitation.  "Similarly, the Dominican diplomatic service can promote worldwide sale of all material produced," he says.  Therefore, he suggests sending samples to the ambassadors and consuls so that they, in turn, approach the construction sector and Dominican marble would be in its catalog.

"... The president of Marmotech, Ricardo Subero Isa, explains that for the exploitation of marble to be viable it must be accessible enough to be cut, transported and processed, since what makes this stone more expensive is its processing.  The businessman maintains that the Creole marble can supply local demand because there is a great transformation capacity, but the country does not have a universality of marble, even so its consumption could be higher and with a better local participation."

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