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Central Romana Corporation

From Wikipedia, the free encyclopedia
Central Romana Corporation
Company typePrivate
IndustryAgriculture, tourism
PredecessorGulf and Western Americas Corporation
Founded1912
HeadquartersLa Romana, Dominican Republic
OwnerFanjul Corp. (35%)

Central Romana Corporation, Ltd. is an agro-industrial and tourism company based in the Dominican Republic.[1]

History

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Central Romana Corporation was established in 1912 as a subsidiary of South Puerto Rico Sugar Company.[2] In 1967, South Puerto Rico Sugar was acquired by Gulf and Western Industries, becoming part of its Gulf and Western Americas Corporation division.[3] In 1984, Gulf and Western Americas was sold to a group of investors including Carlos Morales Troncoso and the Fanjul brothers.[4]

Controversies

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In 2022, the government of the United States sanctioned Central Romana Corporation after concluding that the company had been using forced labor on its sugarcane fields. The company denied the allegations.[5]

References

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  1. ^ Estructura Corporativa, Central Romana Corporation, Ltd.
  2. ^ [1], Central Romana Corporation, Ltd.
  3. ^ "G. & W.'s Role in the Caribbean". The New York Times. June 24, 1975.
  4. ^ "Sugar Sale By G.&W". The New York Times. October 6, 1984. Retrieved 2023-06-15.
  5. ^ "Central Romana rechaza acusaciones de Estados Unidos sobre trabajo forzoso". diariolibre.com. Retrieved 2023-05-20.