Liquor and food purveyor Caribbean Producers Jamaica Ltd (CPJ) plans to expand its warehouse space by 68,000 square feet as it seeks to meet increased demand while improving efficiencies in distribution.
Managing director of CPJ, Dr. David Lowe, told the Jamaica Observer that the company in the short term anticipates onshore activities to continue to generate compounded annual growth rate, while offshore growth will be driven by increased exports of the company’s locally manufactured products.
Lowe noted that it is still early days to disclose how much the company will be pumping in the new facility or specific plans for the offshore growth strategy. However, he confirmed that CPJ is aggressively exploring opportunities that make business sense.
“Further penetration into other regional markets will be done with strategic partnerships,” he said, in anticipation that there will be increased growth in the hotel and tourism sector both locally and internationally.
CPJ, which has distinguished itself as the premier foodservice distributor, currently operates from a 135,000-square-feet warehouse facility in Montego Bay. Plans are to get the facility up to 203,000 square feet by year end 2018.
The Jamaica Observer