Central Romana Corporation Explained

Central Romana Corporation
Type:Private
Foundation:1912
Predecessor:Gulf and Western Americas Corporation
Location:La Romana, Dominican Republic
Industry:Agriculture, tourism
Owner:Fanjul Corp. (35%)

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

History

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

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]

Notes and References

  1. https://centralromana.com.do/ Estructura Corporativa
  2. https://centralromana.com.do/memorias/
  3. News: G. & W.'s Role in the Caribbean. The New York Times. June 24, 1975.
  4. Web site: Sugar Sale By G.&W.. The New York Times. October 6, 1984. 2023-06-15.
  5. Web site: Central Romana rechaza acusaciones de Estados Unidos sobre trabajo forzoso. 2023-05-20. diariolibre.com.