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New business opens in Saint Lucia; Prime Minister welcomes new investment from CPJ

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cpj1PRESS RELEASE – A new business has officially opened its doors in Saint Lucia.

The CPJ Saint Lucia Ltd Distribution Centre and Meat Processing Facility, a joint venture between Du Boulay’s Bottling and Caribbean Producers Jamaica, held its opening ceremony on Thursday, November 5, 2015. Located at Cul de Sac, the company represents a $25 million invested in new plant and equipment and employment of 40 locals.

Prime Minister and Minister for Finance, Economic Affairs, Planning and Social Security, Hon. Dr. Kenny D. Anthony, delivered the well-received feature address, stating that the opening of a new company serves to “inspire hope and confidence in the potential of our country… It is a reminder that we – all of us – should believe in Saint Lucia and in the will of Saint Lucians to adapt, succeed and prosper.”

Prime Minister Anthony praised the Du Boulay family for leading this venture. He pointed out that that the timing is good, given imminent expansion in the island’s tourism plant, steady growth in stay-over arrivals, and planned redevelopment of Hewanorra International Airport in 2016. These developments, he opined, would lead to growth in the provisioning requirements for the hospitality industry.

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The Prime Minister further indicated that the prospects for linkages between tourism, agriculture and the fisheries sector are reinforced by collaboration with private partner interests such as CPJ Saint Lucia. He noted that Government’s efforts to spur agriculture are beginning to bear fruit, which ventures like CPJ are poised to reap, to the mutual benefit of the company and its local partners.

Said Dr. Anthony,

“The Government has spent nearly EC$20 million on a national meat processing facility at Beauséjour, Vieux Fort. We must now augment our capacity in livestock production, through a new programme to boost livestock production.

“Private investment in the food sector is welcome news for farmers and consumers. To support these efforts, the Government enacted an Agricultural Incentives Act. This Act has, for the first time, provided farmers with legislative protection for incentives. 

“We have also provided assistance to a number of our farmers through the Farm Help programme, under NICE, the National Initiative to Create Employment. This has empowered young men and women, whilst giving farmers the labour they need to be more productive.

“I am also pleased that this investment of over EC$25 million is targeted not only at supplying on-island demand but also supporting exports to other islands in the Eastern Caribbean. Many do not understand that a country largely survives by what it earns from exports. It is simply not enough to produce solely for domestic consumption.”

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Prime Minister Anthony concluded by wishing success for the new company, encouraging them to respect and take good care of their staff; cherish their relationships with clients and partners; adopt and maintain environmentally responsible practises; consider the community they operate in; and contribute to the economic growth of Saint Lucia.

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7 comments

  1. that was brilliant 🙂

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  2. RE: Anonymous November 7, 2015 at 7:42 AM

    As a general rule, Governments don't know how to spend money and/or run businesses efficiently and effectively. Clearly, the Government didn't have the foresight to initiate such venture... So that's why it's not Government owned.

    You also have the option to benefit by investing in CPJ through the Jamaican Stock Exchange. Outside of this, there is no need for CPJ St. Lucia to further complicate its [joint venture] structure by inviting locals to invest. You may find further readings online regarding Corporate structure and public exchanges.

    As you've noted, CPJ St. Lucia is the only facility of its kind on the Island. You should be pleased (rather than disappointed) that it has created 40 new jobs for locals, and opened up an entirely new industry in St. Lucia. The beneficiaries of this venture include anyone who choses to invest in CPJ public shares; locals qualified for employment; local producers; hoteliers; and all parities affected by the consequential improvements in economic and logistical efficiencies.

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  3. Brighter Days ahead. I sense Bigger and Better Days ahead. It's like ," We shall rise again". "Keep Hope Alive".

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  4. Thought this thing would be govt owned. If not why not invite locals to buy shares. With the impending quota on chickens and this being the sole meat processing facility on island who really stands to benefit? Disappointed

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  5. Proceed with caution any time the word Jamaica appears in a sentence am kinda feeling uneasy!

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  6. Always takin credit for something he en play no role in. Choops.

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  7. Wish I worked there, but someday I will

    (4)(1)

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