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2015 Year End Report

[2015 YEAR END PIC REPORT] The information compiled in this report was based on data presented by tenants, contractors and services providers. The data was submitted voluntarily and is assumed to be accurate. The data was not audited and margins of error have not been established.

2015 Year End PIC Report

Mark D’Sa Page 1

Contents The Director General’s Remarks ............................................................................................................... 2

Déclaration du Directeur général ............................................................................................................. 4

Investor Information ................................................................................................................................. 6

SONAPI Hosts US Government Visitors .................................................................................................. 11

L'industrie de l'habillement Haïtienne en 2015 .......................................................................................... 12

The Haitian Apparel Industry in 2015 ......................................................................................................... 15

Investment Overview of PIC Operations at Year End 2015 ........................................................................ 18

Construction Summary at Year End 2015 .................................................................................................. 19

Employment Data ................................................................................................................................... 20

Workforce Distribution ........................................................................................................................... 21

Employment Trend 2012 to 2015 ........................................................................................................... 21

Gender Ratios ......................................................................................................................................... 22

Absenteeism and Lost Output ................................................................................................................ 23

Export, Domestic Sales and Payroll in US$ ............................................................................................. 24

Logistics ................................................................................................................................................... 25

Water Supply........................................................................................................................................... 25

Solid Waste Disposal ............................................................................................................................... 25

Energy ..................................................................................................................................................... 26

Transportation ........................................................................................................................................ 27

Revenue & Expense Statement ............................................................................................................... 28

The Revenue Pie ...................................................................................................................................... 28

A Breakdown of the Expenses by Category ............................................................................................ 29

Snapshots of some features of the PIC .................................................................................................. 31


Mark D’Sa Page 2

The Director General’s Remarks

It was a year that motivated me and my team to grow and aspire to bigger goals. In 2015, SONAPI was

approved as an Executing Agency by IDB, which allows SONAPI to receive IDB funds directly for

operations and capital expenditures related to the Caracol Industrial Park. Achieving this rating required

training and skills upgrading which would not be possible without the help of the IDB.

At year end there were 9,120 jobs directly supported by the Caracol Industrial Park. That is a 71%

increase over 2014 and substantially higher than the ADIH national average of 9.7%. Residents of Trou

du Nord, Limonade and Cap Haitian continue to make up more than 50% of the workforce.

`In 2015, the export and domestic trade output from PIC was US$ 95,480,935. With most of the heavy

infrastructure in place, it now takes an investment of US$ 5,200 to create a job in Caracol. The return on

this investment is quite encouraging with an output of U$ 11,900 per worker and a local payroll of US$

21.66 million for the year. Since the commencement of operations in, the combined IDB and USAID

investment in the PIC has been has been US$ 162

million and total output has been US$187 million.

That is a good return by any metric.

Interest in the Caracol Industrial Park continued to

grow and investors from Thailand, Taiwan, China

and Sri Lanka were among the long list of visitors.

During the year PIC was privileged to receive the

President of IDB, the new US Ambassador to Haiti

and the new Haitian Special Coordinator at the US

Department of State. The board of directors of the

Inter American Development Bank and President

Moreno also visited PIC in 2015.

In keeping with it’s goal of being an environmentally responsible citizen, a tower has been set up with

help from USAID to determine wind patterns and the viability of investment in wind turbines in the

future. Currently the PIC power plant operated by NRECA continues to supply reliable, consistent energy

to tenants in the PIC as well as 9,000 plus customers in the surrounding communities of Caracol,

Limonade, Terrier Rouge and Trou du Nord. Paying customers of the PIC power plant enjoy 24/7

uninterrupted power supply. With the commissioning of it’s waste water treatment plant, PIC is the only

location in all of Haiti to have it’s own energy, water supply, waste water treatment, solid waste disposal

and transportation.

The Caracol Industrial Park continues it’s tradition of transparency and for the first time, an unaudited

but internally scrutinized revenue and expense statement has been included in the report. In 2016 our

goal is to improve the accuracy and transparency of the information reported. SONAPI is committed to


Mark D’Sa Page 3

continue to maintain transparency, increase governance and hopefully set the standard for other GOH

and private sector institutions.

2015 had quite a few challenges. The transportation strike initiated by a union leader from the DR

paralyzed the entire country’s supply chain for a month. Other border protests related to deportation of

undocumented persons, election issues, demands for energy and changes in importation processes

were diffused by PIC personnel and Mr. Liszt Quitel in particular. In the end, all risks were effectively

mitigated and the impact to operations was minimal.

We look forward to the installation of the new parliament and hope the new government will bring

stability and change to revitalize the economy and inspire investors to create badly needed jobs in Haiti.

Jobs not just in light manufacturing, but in the tourism and agricultural sectors too. Of course my

message would not be complete without expressing my thanks to the Inter American Development

Bank, UASID and the US Department of State and in particular the Haitian Special Coordinator’s Office

whose representatives are a constant and continuous source of support. I would also like to thank all the

tenants for their hard work and for the jobs they have created. The 9,120 jobs added by the Caracol

Industrial Park has made a visible and tangible difference to the economy of the Northern Corridor of

Haiti.

SONAPI can look forward to 2016 with optimism and enthusiasm and expand on the performance of the

previous years.

Sincerely,

Bernard Schettini Director General Sociéte National des Parcs Industriels


Mark D’Sa Page 4

Déclaration du Directeur général

Ce fut une année qui nous a motivé mon équipe et moi à grandir et de briguer des objectifs plus ambitieux. En 2015, la SONAPI a été approuvée comme Agence d'exécution par la BID, ce qui lui permet de recevoir des fonds directement de cette dernière pour les opérations et les dépenses en immobilisations liées au Parc Industriel de Caracol. La réalisation de cette qualification a nécessité la formation et le perfectionnement de compétences, lesquels ne seraient pas possible sans l'aide de la BID. Vers la fin de l'année, le Parc Industriel de Caracol supportait directement 9,120 emplois. Ce qui représente 71% d’augmentation par rapport à 2014, laquelle est sensiblement plus élevée que la moyenne nationale de l’ADIH de 9,7%. Les résidents de Trou du Nord, de Limonade et du Cap-Haïtien continuent de représenter plus de 50% de la population active. En 2015, les produits des exportations et du commerce intérieur du PIC s’élevaient à 95,480,935 USD. Tenant compte du fait que la plupart des infrastructures de base sont déjà en place, il faut actuellement un investissement de 5,200 USD pour créer un emploi à Caracol. Le retour sur investissement est très

encourageant avec une production de 11 900 USD par travailleur et une masse salariale locale de 21,66 millions USD pour l'année. Depuis le début des opérations, les investissements conjoints de la BID et de l'USAID au PIC ont totalisé 162 Millions USD et la production totale a été de 187 Millions USD. Cela constitue un bon retour sur investissement et ceci indépendemment des critères d’évaluations utilisés. L'intérêt pour le Parc Industriel de Caracol n’a cessé de croître et les investisseurs en provenance de la Thaïlande, du Taiwan, de la Chine et du Sri Lanka furent parmi la longue liste de ses visiteurs. Au cours de l'année, le PIC a eu le privilège de recevoir le

Président de la BID, le nouvel ambassadeur américain en Haïti ainsi que le nouveau Coordonnateur spécial en Haïti au Département d'État américain. Le conseil d’Administration de la Banque InterAméricaine de Développement ainsi que le Président Moreno ont eux aussi visité le PIC au cours de 2015. Conformément à son objectif d'être un modèle citoyen respectueux de l'environnement, une tour a été mise en place avec le support de l'USAID afin de déterminer la configuration des vents ainsi que la viabilité de futurs investissements dans les éoliennes. Actuellement la Centrale du PIC, laquelle est gérée par NRECA continue de fournir une énergie fiable en permanence aux locataires du PIC ainsi qu’à 9.000 clients habitant les communautés avoisinantes de Caracol, de Limonade, de Terrier Rouge et de Trou du Nord. Les clients qui paient les frais de services de la centrale du PIC jouissent d’une alimentation sans interruption. Avec la mise en service de son usine de traitement des eaux usées, le PIC est le seul endroit dans tout Haïti à avoir sa propre Centrale énergétique, son propre système d'approvisionnement en eau, de traitement des eaux usées, d’élimination des déchets solides et de transport.


Mark D’Sa Page 5

Le Parc industriel de Caracol perpetue sa tradition de transparence et pour la première fois, un Etat des revenus et des dépenses non audité quoique minutieusement vérifié est inclus dans le présent rapport. La SONAPI est déterminée à maintenir cette transparence, augmenter la gouvernance et veut servir d’exemple pour d'autres institutions tant publiques que privées. L’année 2015 fut buchée de quelques défis. La grève du secteur du transport initiée par un dirigeant syndical de la RD a paralysé la chaîne d'approvisionnement de l'ensemble du pays pendant un mois. D’autres manifestations frontalières liées à la déportation des personnes en situation irrégulière, les questions électorales, la demande en énergie et les changements dans les processus d'importation ont pu être maitrisés par le personnel de PIC et par M. Liszt Quitel en particulier. En fin de compte, tous les risques furent atténués efficacement et l'impact sur les opérations fut minime. Nous nous réjouissons de l'installation du nouveau parlement et nous espérons que le nouveau gouvernement apportera la stabilité et le changement nécessaire à la relance économique et incitera les investisseurs à créer les emplois qui font tant défaut en Haïti. Il faut des emplois non seulement dans l'industrie légère, mais également dans les secteurs touristiques et agricoles. Evidemment, mon message ne serait complet sans exprimer mes remerciements à la Banque Interaméricaine de Développement, à l’USAID, au Département d'Etat américain et en particulier le Bureau du Coordonnateur Spécial pour Haïti dont les représentants sont une source constante et continue de soutien. Je tiens également à remercier tous les locataires pour leur travail acharné et pour les emplois qu'ils ont créés. Les 9,120 emplois du Parc Industriel de Caracol ont fait une différence visible et tangible sur l'économie de la Région du Nord d'Haïti. La SONAPI s’avance vers 2016 avec optimisme et enthousiasme et espère étendre davantage la performance des années précédentes. Cordialement, Bernard Schettini Directeur général Sociéte National des Parcs Industriels


Mark D’Sa Page 6

Investor Information

The Caracol Industrial Park (PIC) is a mixed use, light manufacturing location open to all industries capable of creating sustainable jobs in an environmentally responsible environment spread over 252 contiguous hectares (600 acres) of government land

The Caracol Industrial Park offers all the privileges available in a Free Zone and in addition it is able to accommodate export as well as domestic industries

The PIC is owned by the Government of Haiti and managed by SONAPI which is a GOH entity to manage all industrial parks in Haiti

PIC offers flexible packages of buildings for rent, land for lease, or customized financed premises depending on the investor’s requirement

As of January 2016, PIC is the only location in entire country which has it’s own operational infrastructure with a 10 MW power station, water supply plant, waste water treatment, solid waste disposal, ambulances, fire station and a fleet of buses to transport workers to and from surrounding communities

In the next few months a skills development center will be operational in the PIC

The park is located 35 minutes from the Cap Haitian international airport with daily flights to the USA and a port with three weekly sailings

Transit time from the port of Cap Haitian to Florida is 3.5 days AVIS and a local car rental company, Nu Look offer cars for rent with

chauffeurs if necessary Several hotels and inns with clean rooms, good food and safe and secure

locations are available across Northern Haiti The Industrial Park is two miles from the University of Limonade which has

3000 students

Currently wind pattern studies are being carried out to determine the potential to augment current energy capacity with wind turbines

For further questions or inquiries please contact

[email protected]


Mark D’Sa Page 7

IDB Press Release

Dec 21, 2015

Haiti to create more jobs with IDB grant

for industrial park The Inter-American Development Bank (IDB) has approved a $41 million grant for the fifth and

last phase of the Caracol Industrial Park (CIP), the main manufacturing hub in northern Haiti.

The CIP contributes to economic development in the north of the country, a priority for the

Haitian government, by offering attractive conditions for companies to invest and generate

formal employment.

The current stage of the project aims to create 5,400 new jobs, of which about two-thirds will be

filled by women. By end-September CIP employed 7,620 workers, and its goal is to reach 20,000

positions by 2020. The industrial park also helps strengthen Haiti´s economic diversification and

export profile.

The latest grant from the IDB, which has contributed a total $200.5 million to the project since

2011, will finance construction of factory shells and other infrastructure at the CIP. It will also

support SONAPI, the Haitian government agency in charge of industrial parks, in its efforts to

http://www.iadb.org/en/countries/haiti/haiti-and-the-idb,1008.html

http://www.iadb.org/en/projects/project-description-title,1303.html?id=HA-L1101


Mark D’Sa Page 8

monitor and enforce environmental, social, health, and safety rules. SONAPI will also develop a

business plan to ensure its long-term sustainability.

During the project’s initial stages, industrial buildings, internal roads, a wastewater treatment

plant and water purification plant were built. The U.S. government donated a power plant that

provides energy to CIP factories as well as to some 9,000 households in nearby communities.

The IDB is Haiti’s leading multilateral donor. Since the 2010 earthquake it has approved more

than $1.25 billion in grants for agriculture, water and sanitation, energy, education, transport,

private sector development, and employment projects, as well as for strengthening governmental

institutions.

About us

The Inter-American Development Bank is devoted to improving lives. Established in 1959, the

IDB is a leading source of long-term financing for economic, social and institutional

development in Latin America and the Caribbean. The IDB also conducts cutting-edge research

and provides policy advice, technical assistance and training to public and private sector clients

throughout the region.

IDB President Luis Alberto

Moreno led an investor

delegation to Caracol in

November 2015.

http://www.iadb.org/en/sector/urban-development-and-housing/overview,18356.html


Mark D’Sa Page 9

In the Haitian Media

Haïti - Économie : $41M de la BID pour le parc industriel de Caracol 21/12/2015 08:57:40

La Banque Interaméricaine de Développement

(BID) a approuvé une subvention de 41 millions de

dollars américains pour la cinquième et dernière

étape du Parc industriel de Caracol (PIC).

Le PIC contribue au développement économique

de la région Nord, ce qui est une des priorités du

gouvernement haïtien. Il offre des conditions

attrayantes pour que les entreprises s´établissent

dans le Nord et créent plus d'emploi formel.

Cette dernière étape du projet vise à créer 5,400 nouveaux emplois, dont environ deux tiers

seront occupés par des femmes. Rappelons qu’à la fin septembre, 7,620 personnes travaillaient

déjà au PIC alors que l'objectif est d'y atteindre les 20,000 emplois en 2020. Le parc industriel

accompagne également la diversification économique et les exportations d'Haïti.

La nouvelle subvention de la BID (qui a déjà alloué 200,5 millions de dollars américains au

projet depuis 2011), servira à financer la construction de bâtiments industriels et autres

infrastructures au sein du Parc. Láide servira aussi dáppui à la Société Nationale des Parcs

Industriels (SONAPI) pour surveiller le respect des règles environnementales, sociales,

sanitaires et de sécurité dans les parcs industriels. La SONAPI va par ailleurs développer un

plan d'affaires pour assurer la pérennité de ses services.

Rappelons qu’au cours des phases précédentes du projet, ont été bâtis divers bâtiments

industriels, les routes internes ainsi que le Centre pour lápprovisionnement et traitement déau.

Le gouvernement des Etats-Unis a fait don d'une centrale électrique qui fournit de l'électricité

aux usines du PIC et à environ 9,000 maisons des communautés voisines.

La BID est le plus grand bailleur de fonds multilatéral d´Haïti. Depuis le séisme de janvier 2010

la Banque a approuvé plus d‘1,2 milliards de dollars d’aide pour Haïti. Ces fonds ont financé

des projets dans l'agriculture, l'eau et l'assainissement, l'énergie, l'éducation, les transports, le

développement du secteur privé et du marché de l'emploi ainsi que le renforcement

institutionnel du gouvernement haïtien.


Mark D’Sa Page 10

Haiti - Economy : $41M from IDB for Caracol Industrial Park

21/12/2015 09:04:06

The Inter-American Development Bank (IDB) has approved a $41 million grant for

the fifth and last phase of the Caracol Industrial Park (CIP).

The CIP contributes to economic development in the north of the country, a

priority for the Haitian government, by offering attractive conditions for

companies to invest and generate formal employment.

The current stage of the project aims to create 5,400 new jobs, of which about

two-thirds will be filled by women. Let's recall that by end-September CIP

employed 7,620 workers, and its goal is to reach 20,000 jobs by 2020. The

industrial park also helps strengthen Haiti´s economic diversification and export

profile.

The new grant from the IDB, which has contributed a total $200.5 million to the

project since 2011, will finance construction of factory shells and other

infrastructure within the Park. It will also support SONAPI, the Haitian

government agency in charge of industrial parks, in its efforts to monitor and

enforce environmental, social, health, and safety rules. SONAPI will also develop

a business plan to ensure its long-term sustainability.

Let's recall that during the project’s initial stages, industrial buildings, internal

roads, a wastewater treatment plant and water purification plant were built. The

U.S. government donated a power plant that provides energy to CIP factories as

well as to some 9,000 households in nearby communities.

The IDB is Haiti’s leading multilateral donor. Since the 2010 earthquake the Bank

has approved for Haiti more than $1.25 billion in grants for agriculture, water and

sanitation, energy, education, transport, private sector development, and

employment projects, as well as for strengthening governmental institutions.


Mark D’Sa Page 11

SONAPI Hosts US Government Visitors

The Ambassador of the United States

to Haiti, the Honorable Peter Mulrean

visited the operations of several

tenants at the Caracol Industrial Park in

October 2015.

In September, Haitian Special

Coordinator , DAS Kenneth Merten

visited SONAPI.


Mark D’Sa Page 12

L'industrie de l'habillement Haïtienne en 2015 Des étapes importantes ont été réalisées en 2015. En Juin, le président Obama a signé l’Extension de la

Loi sur les préférences commerciales qui a étendue les dispositions des franchises douanières de la Loi

HELP à 2025. Cela a ouvert une perspective de dix ans qui permet aux investisseurs d'établir des

opérations en Haïti avec plus de confiance. Plus tôt, en Mars, une délégation commerciale organisée par

la BID a visité plusieurs entreprises en Corée du Sud avec des résultats positifs. Suite à cette visite, la

Hansae Corporation de Séoul a visité plusieurs emplacements à Port-au-Prince et finalement a signé un

protocole d'entente avec la SONAPI afin d’investir au Parc Industriel Métropolitain. Cet investissement

de 30 Millions USD $ devrait générer entre 5,000 à 7,000 emplois. Les exportations de vêtements

Haïtiens vers les États-Unis pour l'année se terminant en Novembre, ont atteints 896 Millions USD $ et

334 Millions de SME.

Au cours de l'année, le nombre d'emplois de l'industrie de l'habillement a atteint un pic de 41 200; soit

le plus élevé depuis la signature des lois HOPE et HELP en 2006. Il n’est donc pas étonnant de constater

que 60% de la croissance de l'emploi en 2015 a eu lieu dans le Nord avec comme chef de fil le Parc

industriel de Caracol et CODEVI. Avec la création du Parc Industriel de Caracol, l'industrie a décentralisé

vers la fin de Novembre, 36% des emplois de l'habillement (15,212 de 41,536) sont maintenant localisés

dans le Nord. Il est également important de noter qu’en combinant les deux parcs industriels sous sa

gestion, la SONAPI abrite 49% du total des emplois de l'industrie du vêtement et ce pourcentage est

prévue à plus de 50% en 2016. Au cours de l'année, un total de 7,226 emplois furent créés et 3,542

travailleurs ont été licenciés en raison d’arrêts et de fermetures temporaires. Aussi l'augmentation nette

de l'emploi vers la fin de Novembre s’élevait à 3,684.

La croissance du pays en termes d’exportations de vêtements a été constante et avec un TCAC de

12.19% de 2010 à 2015. (Voir figure: 1) La croissance de l'emploi est principalement due aux

investissements en provenance de la RD, de la Corée et des Etats-Unis.

FIGURE 1:

YE Nov

2015

Total Export (US Dollars) 517,569,303 701,475,798 730,050,515 803,337,058 854,286,569 896,832,460

Total SMEs Exported/Utilized 253,059,766 275,627,575 270,374,140 306,440,449 313,930,534 334,121,092

Average USD / SME 2.05$ 2.55$ 2.70$ 2.62$ 2.72$ 2.68$

Jobs in Apparel Ind (ADIH) 27,144 26,835 29,404 31,462 36,266 40,034

USD Exports per job 19,067.54$ 26,140.33$ 24,828.27$ 25,533.57$ 23,556.13$ 22,401.77$

SME Utilization / Job 9,322.86 10,271.20 9,195.15 9,740.02 8,656.33 8,345.93

Change in SME utilization/yr 0 8.92% -1.91% 13.34% 2.44% 6.43% 5.85%

Change in Jobs 0 -1.14% 9.57% 7.00% 15.27% 10.39% 8.22%

Change in Exports $$$ 0.00% 35.53% 4.07% 10.04% 6.34% 4.98% 12.19%

Exports $$$ change per job 37.09% -5.02% 2.84% -7.74% -4.90%

SME = Square Meter Equivalent Source for Export Data - OTEXA (USDOC) Jobs Source- ADIH

Category 2010 2011 2012 2013 2014 CAGR


Mark D’Sa Page 13

Au cours de l'année, certaines entreprises de la Corée du Sud, du Bangladesh, du Sri Lanka et de Taiwan

sont venues en Haïti afin de mener des enquêtes préliminaires avant d'établir leurs opérations en Haïti.

Les grands détaillants des États-Unis dans le secteur infantil et des vêtements athlétiques ont visité et se

sont engagés à augmenter les

importations en provenance d'Haïti.

L’emploi dans l'industrie de

l'habillement n’a pas cessé de croître

en dépit de la longue grève du

transport qui dura presqu’un mois au

niveau de la frontière RD-Haïti, ce qui

a causé de graves perturbations

logistiques. Il y a eu également

quelques journées perdues en raison

de manifestations liées aux élections,

mais celles-ci furent isolées et n’ont pas causé d’impact majeur sur la production.

L'industrie a pris un bon départ au cours du premier trimestre de 2015 avec des emplois et des

exportations en constante croissance. Le renouvellement de l'accord de l'AGOA et du PPT a généré

beaucoup de discussions, mais n'a pas eu d'incidence sur le volume des exportations en provenance

d'Haïti. Vers la fin de l'année, certaine perturbation ont entrainé la perte de 3,500 emplois dans la

région de Port-au-Prince, mais l'année s’est terminée sur une note plutôt positive avec une hausse de

3,684 emplois. Selon les chiffres publiés par l'ADIH, les entreprises qui ont le plus contribué à

l’augmentation du nombre d'emploi en 2015 furent la S & H Global (2,800), Val d'Or (1,259), Premium

Apparel (756), Island Apparel (521) et H&H Textiles (513).

Les perspectives pour les exportations de vêtements en provenance d'Haïti promettent d’être

fructueuses par rapport à l'extension de la Loi HELP et à la disponibilité de la main-d'œuvre motivée à

des coûts compétitifs. Malgré l’augmentation du salaire minimum, le pays ne cesse d'être compétitif

quoique la monnaie locale ait subi une

dépréciation de 22,38% et selon toutes

indications, est susceptible de s’affaiblir

davantage par rapport au dollar américain. Le

salaire minimum actuel est de 240 HTG (4,15 $

US) par journée de huit heures, en plus d’une

majoration de 22% incluant l'assurance maladie,

le régime de retraite, deux semaines de vacances

et un bonus d’un mois. Au moment de la

publication de cet article, le taux de change

s’élève à 58.09 Gourdes haïtiennes pour 1,00 $ US. Jusqu’à date, Haïti n'a pas été affecté par les accords

de l'AGOA et du PPT en raison de sa proximité avec les États-Unis et des généreux TPL disponibles en

25

30

35

40

45

2010 2011 2012 2013 2014 YE Nov

Tho

usa

nd

s

Job Growth

400

600

800

1000

2010 2011 2012 2013 2014 YENov

Mill

ion

s

Haitian Apparel Exports (US$)


Mark D’Sa Page 14

vertu des accords de HELP et du CBTPA. Les détaillants ainsi que les grandes marques continuent d'être

optimistes sur le potentiel qu’Haïti a à offrir.

Plusieurs producteurs haïtiens comme la S&H Global, Willbes Manufacturing, H&H Textiles et Val d'Or

sont dans un mode d'expansion. Un grand manufacturier coréen, Hansae, a signé un contrat de location

qui pourrait générer 5,000 emplois au cours des trois à quatre prochaines années.

La logistique ne cesse de s’améliorer notamment avec les investissements privés du secteur portuaire

dans les projets de Lafito et du Terminal Varreux au niveau de la périphérie de Port-au-Prince. Dans le

Nord, la IFC de la Banque mondiale et l'USAID sont en train de moderniser le port du Cap-Haïtien. À

l'heure actuelle, il existe deux départs hebdomadaires à partir du Cap-Haïtien et quatre à partir de Port-

au-Prince incluant un transit de 3.5 jours en Floride.

Les perspectives semblent prometteur pour l'industrie du vêtement en Haïti en 2016. Les producteurs

de vêtements de travail augmentent leur production, les exportateurs de tricots sont en mode

d'expansion forte et basée sur les réactions de plusieurs investisseurs, Haïti devrait constater un afflux

de sociétés étrangères venant ajouter au moins 6,000 emplois et chance de traverser la barre de Un

Milliard de Dollars d'exportation en 2016.

6%

8%

10%

12%

14%

16%

18%

42

44

46

48

50

52

54

56

58

60

Exchange Rate & Interest Rate in 2015

Exchange Rate - Purchasing Prime Rate


Mark D’Sa Page 15

The Haitian Apparel Industry in 2015 Important milestones were achieved in 2015. In June, President Obama signed the Trade Preferences

Extension Act which extended the duty free provisions of the HELP Act to 2025. This opened a ten year

line of sight which allows investors to establish operations in Haiti with greater confidence. Earlier, in

March, a trade delegation organized by IDB visited several companies in South Korea with positive

results. Following up on the visit, Hansae Corporation of Seoul visited multiple locations in Port Au

Prince and eventually signed an MOU with SONAPI to invest in Parc Industriel Metropolitain. This

investment of U$30 million is expected to yield anywhere between 5,000 to 7,000 jobs. Haitian apparel

exports to the US for the year ending November, reached U$ 896 million and 334 million SMEs.

During the year the number of apparel jobs reached a high of 41,200 – the highest since the HOPE and

HELP Acts were signed in 2006. Not surprisingly 60% of the growth in jobs in 2015 was in the northern

region led by the Caracol Industrial Park and CODEVI. With the establishment of the Caracol Industrial

Park the industry has decentralized and by end November, 36% of the apparel jobs (15,212 of 41,536)

are now in the northern corridor. It is also important to note that between the two Industrial parks

under it’s management, SONAPI is now home to 49% of the total jobs in the apparel industry and

scheduled to go over 50% in 2016. During the year a total of 7,226 jobs were created and 3,542 workers

were laid off due to shutdowns and temporary closures. The net job increase at the end of November

was 3,684.

The country’s growth in apparel exports has been steady and with a CAGR of 12.19% over the period

2010 to 2015. (See Fig:1) The job growth is mainly driven by investments from DR, Korea and USA.

Fig:1 During the year a number of companies from South Korea, Bangladesh, Sri Lanka and Taiwan visited

Haiti to conduct their due diligence prior to establishing operations in Haiti. Prominent US retailers in

the children’s sector and athletic performance wear visited and made commitments to increase imports

from Haiti.

YE Nov

2015

Total Export (US Dollars) 517,569,303 701,475,798 730,050,515 803,337,058 854,286,569 896,832,460

Total SMEs Exported/Utilized 253,059,766 275,627,575 270,374,140 306,440,449 313,930,534 334,121,092

Average USD / SME 2.05$ 2.55$ 2.70$ 2.62$ 2.72$ 2.68$

Jobs in Apparel Ind (ADIH) 27,144 26,835 29,404 31,462 36,266 40,034

USD Exports per job 19,067.54$ 26,140.33$ 24,828.27$ 25,533.57$ 23,556.13$ 22,401.77$

SME Utilization / Job 9,322.86 10,271.20 9,195.15 9,740.02 8,656.33 8,345.93

Change in SME utilization/yr 0 8.92% -1.91% 13.34% 2.44% 6.43% 5.85%

Change in Jobs 0 -1.14% 9.57% 7.00% 15.27% 10.39% 8.22%

Change in Exports $$$ 0.00% 35.53% 4.07% 10.04% 6.34% 4.98% 12.19%

Exports $$$ change per job 37.09% -5.02% 2.84% -7.74% -4.90%

SME = Square Meter Equivalent Source for Export Data - OTEXA (USDOC) Jobs Source- ADIH

Category 2010 2011 2012 2013 2014 CAGR


Mark D’Sa Page 16

Jobs in the apparel industry continued to grow despite a month long transportation strike on the DR-

Haiti border which caused severe disruption in logistics. There were also a few days lost due to election

related protests, but these were isolated and did not have a major impact on output.

The first quarter of 2015 saw the

industry get off to a good start with

jobs and exports growing steadily. The

renewal of the AGOA agreement and

the TPP generated a lot of discussion,

but did not impact the volume of

exports from Haiti. Towards the end of

the year there was some disruption

leading to the loss of 3,500 jobs in the

Port Au Prince area, however the year

finished on a positive note with an

increase of 3,684 jobs. According to the numbers published by ADIH, the companies that contributed to

the maximum number of job increases in 2015 were S&H Global (2,800), Val d’OR (1,259), Premium

Apparel (756), Island Apparel (521) and H&H Textiles (513).

Prospects for apparel exports from Haiti continue to look bright with the extension of the HELP Act and

the availability of motivated labor at competitive costs. Despite minimum wage increases, the country

continues to be competitive as the local currency depreciated 22.38% and according to all indications, is

likely to weaken further against the US Dollar. The current minimum wage is 240 HTG (US$ 4.15) per

eight hour day plus another 22% for health insurance, pension plan, two weeks vacation and one month

bonus. At the time of publishing

this post, the exchange rate is

58.09 Haitian Gourdes = US$1.00

As yet Haiti has not been affected

by the AGOA and TPP agreements

because of it’s proximity to the US

and the generous TPLs available

under the HELP and CBTPA

agreements. Leading retailers and

brands continue to be bullish about

the potential Haiti has to offer.

Several Haitian producers like S&H Global, Willbes Manufacturing, H&H Textiles and Val d’Or are in an

expansion mode. A major Korean manufacturer Hansae, signed a lease agreement which could generate

5,000 jobs over the next three to four years.

Logistics continue to improve with private sector port investments in the Lafito and Terminal Varreux

projects on the outskirts of Port Au Prince. In the North, the World Bank’s IFC and USAID are upgrading

25

30

35

40

45

2010 2011 2012 2013 2014 YE Nov

Tho

usa

nd

s

Job Growth

400

500

600

700

800

900

1000

2010 2011 2012 2013 2014 YE Nov

Mill

ion

s

Haitian Apparel Exports (US$)


Mark D’Sa Page 17

the Port of Cap Haitian. At the current time there are two weekly sailings from Cap Haitian and four

from Port Au Prince with 3.5 days transit to Florida.

The prospects look bright for Haiti’s apparel industry in 2016. The workwear producers are increasing

output, knitwear exporters are in strong expansion mode and based on the reactions of several

investors, Haiti should continue see an influx of foreign companies that will add at least 6,000 jobs and a

very good chance to cross the billion dollar export mark in 2016.

Sewing Factory Image courtesy of S&H Global

6%

8%

10%

12%

14%

16%

18%

42

44

46

48

50

52

54

56

58

60

Exchange Rate & Interest Rate in 2015

Exchange Rate - Purchasing Prime Rate


Mark D’Sa Page 18

Investment Overview of PIC Operations at Year End 2015 Source: Inter American Development Bank

DESCRIPTION

Approval

Date

US$ Million

Approved

US$

Million

Disbursed

Disbursed

(%)

HA-L1055

2552/GR-HA

Infrastructure Program

July

2011

55M 55M 100.00%

HA-L1076

2779/GR-HA

Productive Infrastructure Program

September 2012

50M 44,23M 88.46%

HA-L1081

3132/GR-

HA

Productive

Infrastructure

Program II

December

2013

40,5M 34,41M 84.97%

HA-L1091

3384/GR-

HA

Productive

Infrastructure

Program III

December

2014

55M

(+15M US Co-

financing*)

22,74M 41.35%

200,5M 156,38M 78%

HA-L1101 Productive

Infrastructure

Program IV

December

2015 41M 0 0%

Total -IDB 241,5M


Mark D’Sa Page 19

Construction Summary at Year End 2015 Source: UTE –MEFI- Government of Haiti

Buildings

Area per

Building (m²)

Total Area per

type (m2)

Stage 1 Stage 2 Stage 3 Stage 4 Stage 5 All stages

Sewing Factory 11,776.00 11,776.00 23,552.00 23,552.00 58,880.00 47,104.00 164,864.00

Washing Factory 1,500.00 0.00 1,500.00 1,500.00 0.00 0.00 3,000.00

Boiler Room 200.00 0.00 400.00 200.00 400.00 400.00 1,400.00

Generic Industrial Building 5,000.00 15,000.00 10,000.00 0.00 0.00 0.00 25,000.00

Industrial Warehouse 10,500.00 10,500.00 0.00 0.00 10,500.00 0.00 21,000.00

Canteen 1,600.00 3,200.00 1,600.00 0.00 3,200.00 1,600.00 9,600.00

Kitchen 240.00 0.00 240.00 0.00 0.00 0.00 240.00

SHG Administrative Building 2,058.00 2,058.00 0.00 0.00 0.00 0.00 2,058.00

SHG Repair Shop 700.00 0.00 0.00 0.00 700.00 0.00 700.00

Dormitory 2,070.00 2,070.00 2,070.00 2,070.00 2,070.00 0.00 8,280.00

Access Booth 14.00 28.00 0.00 0.00 0.00 0.00 28.00

Watchtower 4.00 0.00 0.00 48.00 0.00 0.00 48.00

SONAPI Administrative Building 770.00 0.00 770.00 0.00 0.00 0.00 770.00

PIC Warehouse 200.00 0.00 0.00 200.00 0.00 0.00 200.00

Multipurpose Building 36.00 0.00 36.00 0.00 0.00 0.00 36.00

Potable Water Station 385.00 385.00 0.00 0.00 0.00 0.00 385.00

Waste Water Pre Treatment Building 222.00 0.00 222.00 0.00 0.00 0.00 222.00

Waste Water Laboratory 200.00 0.00 200.00 0.00 0.00 0.00 200.00

Fire Station 320.00 0.00 0.00 320.00 0.00 0.00 320.00

TOTAL 45,017.00 40,590.00 27,890.00 75,750.00 49,104.00 238,351.00

Other Facilities Capacity (m3)

Total Capacity

per type (m3)

Potable Water Tank 500.00 500.00 0.00 0.00 0.00 0.00 500.00

Industrial Water Tank 1,500.00 1,500.00 0.00 1,500.00 0.00 0.00 3,000.00

Waste Water Treatment Plant 3,600.00 0.00 0.00 3,600.00 0.00 0.00 3,600.00

N.B. ORANGE: CONSTRUCTION BEGAN IN JULY 2015

Area (m2) BLUE: PLANNED

Buildings built to date 113,449.00

Buildings to be built at stage 4 75,750.00

Buildings planned for stage 5 49,104.00

238,303.00

SITUATION IN DECEMBER 2015

Total Capacity per stage (m3)

Total Area per stage (m2)


Mark D’Sa Page 20

Employment Data

PIC Quarterly Statistics YE

2014 Q1

2015 Q2

2015 Q3

2015 Q4

2015 YE

2015 YE 14 v

15

Total '14

Total Q1

Total Q2

Total Q3

Total Q4

Total '15

% Change

Total # Tenant Employees 4,672 5,479 6609 7,620 8,024 8,024 71.75%

Caracol 610 684 855 1,029 936 936 53.56%

Terrier Rouge 298 374 384 547 534 534 79.01%

Trou Du Nord 1,364 1508 1895 2,017 2,285 2,285 67.48%

Limonade 753 1006 1056 1,392 1,500 1,500 99.24%

Quartier Morin 47 98 195 225 225 225 374.49%

EKAM 262 262 283 331 309 309 17.84%

Cap Haitian 897 950 1224 1,259 1,299 1,299 44.77%

Fort Liberte n/a n/a 63 146 128 128 N/A

Ouanaminthe 140 162 157 243 253 253 80.17%

Other Communities 209 325 371 295 397 397 90.34%

Foreign workers 91 110 126 136 141 141 54.95%

Male Employees 1,575 1886 2179 2,506 2,746 2,746 74.35%

Female Employees 3,097 3593 4430 5,114 5,278 5,278 70.42%

Contractors & Service providers 657 722 1091 1,028 1,096 1,096 66.82%

Total # Employees incl Contractors 5,329 6201 7700 8,648 9,120 9,120 71.14%

Education

Foreign Workers 96 114 126 136 141 142 47.83%

0 to 2 years 418 362 514 565 628 692 65.61%

3 to 5 years 703 657 1035 1,261 1,509 1,614 129.59%

6 to 9 years 1,522 1,924 1785 2,179 2,542 2,719 78.64%

High School 1,257 1,355 1941 2,139 1,841 2,066 64.37%

College 539 600 821 880 916 965 78.97%

University Degree / higher 276 499 387 460 447 539 95.21%

Total # Employees w/o Contractors 4,778 5,479 6609 7,620 8,024 8,024 67.94%

Employees with electricity at home 2,622 3,095 3491 4,392 5,423 5,624 114.50%

Employees with children in school 2,866 3,152 3709 3,369 4,062 4,531 58.08%

Employment increased by 71.75% over 2014.

Quartier Morin and Limonade registered the highest percentage of workers.

Among the new workers hired, the majority had 3 to 5 years of schooling.

70% of the workforce now have electricity in their homes.

Trou du Nord, Cap Haitian and Limonade make up 71% of the workforce


Mark D’Sa Page 21

Workforce Distribution

Source: Employer data

Employment Trend 2012 to 2015

Terrier Rouge 8%

Trou Du Nord 32%

Limonade 21%

Quartier Morin 3%

EKAM 4%

Cap Haitian 18%

Fort Liberte 2%

Ouanaminthe 4%

Other Communities

6%

Foreign workers

2%

Workforce Distribution YE 2015

Year 2012 2013 2014 2015

Total Employed 1,200 2,544 5,329 9,120

-

2,000

4,000

6,000

8,000

10,000

2012 2013 2014 2015

Employment Trend 2012 to 2015


Mark D’Sa Page 22

Gender Ratios

Source: Employer data

Sewing factory at Caracol - Picture courtesy of S&H Global

Cutting Operation at S&H Global

0

2,000

4,000

6,000

YE 2014Q1 2015

Q2 2015Q3 2015

Q4 2015

1,575 1886 2179 2,506 2,746

3,097 3593 4430 5,114 5,278

Gender Ratios

Male Employees Female Employees


Mark D’Sa Page 23

Absenteeism and Lost Output

Absenteeism & Lost Output YE 2014 Q1

2015 Q2

2015 Q3

2015 Q4

2015 YE 2015

Man hours lost to external issues 54,000

603

14,637 52,795 18,711

86,746

Man hours lost to absenteeism 200,204

51,633

65,182 62,343 102,584

281,742

Man hours for maternal leave 106,584

21,646

18,186 30,040 43,434

113,306

Total man hours of lost output 360,428

73,882

97,037 145,178 164,521

481,793

A big challenge in 2015 was the transportation strike initiated in the Dominican Republic which led to a

blockade which disrupted traffic of raw material and finished goods for 32 days. The opportunity from

this episode was the recognition that the perceived safety and security of shipping through the DR had

it’s vulnerabilities and shipping through Haitian ports was an option requiring serious attention and

exploration to mitigate future risk. There were a few additional, isolated community protests and

attempts to block some buses. These were politically motivated and linked to the elections.

Absenteeism of 481,793 hours equates to a loss of output

equal to US$ 2,388,390 and lost wages of HTG 21,078,444


Mark D’Sa Page 24

Export, Domestic Sales and Payroll in US$ PIC Quarterly Statistics YE 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 YE 2015

YE 14 v 15

Total Output for the period

53,610,728

21,381,312

21,672,927

26,788,381

25,638,316

95,480,935 78.10%

Domestic Sales 2,894,572

821,015

1,025,760

962,982

1,373,662

4,183,418 44.53%

Export Sales 51,202,800

20,560,297

20,647,167

25,825,399

24,264,654

91,297,517 78.31%

Total Payroll for the quarter

9,066,309

3,715,893

5,557,642

5,863,168

6,529,238

21,665,941 138.97%

Output per worker 10,060

3,902

3,279

3,516

3,195

11,899 18.28%

Source: Data supplied by tenants

Since the PIC began operating in 2012 exports and domestic sales have exceeded the sum of

US$ 175 million.

Output for 2015 was US$ 95,480,935 and exceeded the previous year by 78.10%.

Payroll for 2015 reached US$ 21,665,941 (HTG 1,256,624,570.87)

The range of salaries for laborers employed in the PIC varies from US$ 1,500 to US$ 2,600 p.a.

Administrative staff, technicians, engineers and professionals working at the PIC earn between

U$ 24,000 to US$ 50,000 p.a.

In 2015 Sisalco began exporting sisal products to the USA and distributing in Haiti too.


Mark D’Sa Page 25

Logistics

Logistics 40'FCL YE

2014 Q1

2015 Q2

2015 Q3

2015 Q4

2015 YE

2015 YE 14 v

15

Inbound containers 462 130 170 257 223 780 68.8%

Outbound containers 359 144 149 216 218 727 102.5%

Total 40' FCL 821 274 324 473 441 1,507 83.6%

Inbound Thru' Haiti 56 16 13 32 44 105 87.5%

Outbound thru' Haiti 53 15 18 25 19 77 45.3%

Inbound thru' DR 389 114 162 224 134 634 63.0%

Outbound thru' DR 251 129 131 191 199 650 159.0%

Total 40' FCL 747 274 324 472 396 1,466 96.3%

With increasing jobs and output, the number of containers imported and exported continues to increase

at a healthy pace. Total traffic in 2015 doubled the volume of 2014.

Water Supply With increasing activity and growing jobs in the park, the amount of domestic and industrial water consumption continues to increase. Consumption data for Q4 is presented below.

October November December Total

Domestic Water (m3) 15,437 16,812 10,242 42,491

Industrial Water (m3) 7,861 7,433 5,799 21,093

Total Water (m3) 23,298 24,245 16,041 63,584.00

Source: SONAPI & INCATEMA

Solid Waste Disposal

Source: GOLSA

Styrofoam Carton Plastic PVC Organic

Waste Metal Wood Glass Other Total

October 314.60 1,632.60 211.00 0.20 251.20 43.00 10.60 9.20 147.80 2,620.20

November 628.00 3,265.00 421.60 0.40 502.40 86.00 21.20 18.40 295.60 5,238.60

December 1,256.00 6,530.00 843.20 0.80 1,004.80 172.00 42.40 36.80 591.20 10,477.20

Total 2,198.60 11,427.60 1,475.80 1.40 1,758.40 301.00 74.20 64.40 1,034.60 18,336.00


Mark D’Sa Page 26

Energy NRECA continues to deliver a stellar performance in terms of reliability and consistency. In addition they

have connected more than 9,000 customers to the PIC power plant and continue to be disciplined about

the invoicing and collection process.

PPSELD kWh Sales Past 12 months

Total

PRODUCED Plant Usage Balance for

Sale CIP TOTAL Outside CIP

TOTAL Total Billed Line

Losses

Jan-15 1,345,020 80,992 1,264,028 346,188 878,970 1,225,158 3%

Feb-15 1,134,889 70,105 1,064,784 324,354 678,425 1,002,779 6%

Mar-15 1,345,197 88,930 1,256,267 425,204 756,753 1,181,957 6%

Apr-15 1,398,374 85,319 1,313,055 411,534 832,870 1,244,404 5%

May-15 1,483,327 95,546 1,387,781 416,974 797,768 1,214,742 12%

Jun-15 1,583,930 103,665 1,480,265 495,501 749,573 1,245,074 16%

Jul-15 1,786,500 103,900 1,682,600 604,213 899,072 1,503,285 11%

Aug-15 1,782,577 98,464 1,684,113 559,012 968,354 1,527,366 9%

Sep-15 1,766,908 109,779 1,657,129 590,028 942,723 1,532,751 8%

Oct-15 1,852,678 111,644 1,741,034 611,252 953,130 1,564,382 10%

Nov-15 1,735,033 96,913 1,638,120 535,101 920,461 1,455,562 11%

Dec-15 1,565,227 95,553 1,469,674 405,298 909,336 1,314,634 11%

TOTALS 18,779,660 1,140,810 17,638,850 5,724,659 10,287,435 16,012,094 9%

Source: NRECA

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

Energy Consumption for 2015

CIP Total Outside CIP


Mark D’Sa Page 27

Transportation SONAPI has been working with consultants appointed by the IDB to incorporate a reliable passenger

counting system in order to establish a data based revenue collection system from tenants. The goal is

to install the system in early Q2 2016.

Mo/Item

Transport Salaries - Drivers, supervisors,

mechanics, etc Transport Expenses - Gas & Maintenance*

Transport Expenses - Rental Buses

Jan $ 18,299.43 $ 15,477.83 $ 14,433.60

Feb $ 20,067.74 $ 35,843.88 $ 13,981.95

Mar $ 19,701.78 $ 24,355.04 $ 16,882.83

Apr $ 23,326.31 $ 24,798.37 $ 15,370.79

May $ 23,791.97 $ 16,458.19 $ 14,514.94

Jun $ 22,269.14 $ 18,557.34 $ 14,172.17

Jul $ 20,590.02 $ 20,713.28 $ 15,142.43

Aug $ 22,560.65 $ 19,423.09 $ 14,712.36

Sep $ 22,156.05 $ 23,126.45 $ 15,529.59

Oct $ 21,362.46 $ 19,646.10 $ 16,325.28

Nov $ 20,671.57 $ 19,928.39 $ 13,913.51

Dec $ 19,970.59 $ 9,523.69 $ 10,690.83

Total $ 254,767.71 $ 247,851.65 $ 175,670.28 Source: SONAPI

In the absence of a reliable counting system a definite cost per passenger has not yet been established. Below is an attempt to establish the cost per passenger per day in 2015 using the above expenses and assuming the fleet of buses carried 5000, 6000, or 7000 passengers.

Calculating the cost per passenger

Annual Total Transportation Expense in 2015 678,289.64$

Average Monthly Expense 56,524.14$

Average Daily Expense (26 working days pm) 2,174.01$

Cost per passenger if 5000 passengers 0.43$




Mark D’Sa Page 28

Revenue & Expense Statement In it’s drive to provide complete transparency the PIC is sharing for the first time, it’s revenue and

expense unaudited summary. These numbers have been verified internally by SONAPI HQ.

Mo/Item Revenues Collected Expenses

Monthly Surplus/Deficit

Revenues Receivable

Jan 15 $110,748 $155,949 -$45,201 $1,987

Feb 15 $112,092 $168,378 -$56,286 $1,583

Mar 15 $125,070 $164,638 -$39,568 $3,759

Apr 15 $126,478 $163,435 -$36,957 $4,309

May 15 $124,414 $152,874 -$28,460 $5,628

Jun 15 $119,624 $155,288 -$35,664 $19,085

Jul 15 $155,421 $152,179 $3,242 $18,963

Aug 15 $138,223 $159,306 -$21,083 $33,409

Sep 15 $137,526 $171,607 -$34,081 $45,481

Oct 15 $146,526 $141,076 $5,450 $48,725

Nov 15 $127,758 $124,529 $3,229 $68,428

Dec 15 $3,524 $101,673 -$98,149 $153,929

Total $1,427,405 $1,810,932 -$383,528 $405,287

Total Amount Invoiced $ 1,832,691.45

Total Arrears $ 405,286.80

Net Revenue $ 1,427,404.65

Total Expenses $ 1,810,932.18

Net Surplus / Deficit $ (383,527.53)

The Revenue Pie

Total Rent Collected

42%

Total Transport Collected

29%

Total Water Collected

7%

Total Arrears 22%

2015 Revenue Components


Mark D’Sa Page 29

A Breakdown of the Expenses by Category

$-

$50.00

$100.00

$150.00

$200.00

$250.00

$300.00

$350.00

$400.00

$450.00

$500.00

Tho

usa

nd

s

2015 Annual Expenses for PIC

SONAPI-PIC Salaries - Admin, Management and Ops for PIC

Transport Salaries - Drivers, supervisors, mechanics, etc

Transport Expenses - Gas & Maintenance*

Transport Expenses - Rental Buses

Communications - Phone, Internet, etc

Energy NRECA

Water Processing - Consultant, chemicals, energy, etc.**

Security

Travel & Per Diem - Airfares, car rentals, gasoline, hotels, meals, etc***


Mark D’Sa Page 30

IDB Board of Directors Visit to PIC

The IADB’s Board of

Directors visited the

Caracol Industrial Park and

observed the operations

of several clients to

evaluate the job creation,

sustainability and

economic impact of the

program.


Mark D’Sa Page 31

Snapshots of some features of the PIC

2015 year end pic report - ute.gouv.ht · the aa ol industial pak ontinues it’s tadition of...

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