1954 · Haitianyear only
Haiti's first cement plant opens holding a monopoly on cement
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In 1954 a French construction conglomerate opened Ciment d'Haiti, the country's first domestic cement plant, and the government granted it a formal monopoly over both the manufacture and the import of cement. Total market control with protection from competition was a standard inducement Haitian administrations used to attract foreign industry, and it reliably meant higher prices for anyone buying a bag. The price of such a concession was often a large sum paid to the president personally. In this case the beneficiary was Paul Magloire, the Haitian president who preceded Francois Duvalier. During the 1970s journalists and some officials opened investigations into how the company used its position, and found among other things that it sold low quality cement at high prices inside Haiti while selling better cement abroad more cheaply. Every bag used in the capital for the next three decades came through that arrangement.