Seafood processing centre to bring 250 jobs to St Vincent
A US$3 million seafood processing centre, which will employ up to 250 people, is slated to open in Calliaqua by the end of next year.
The facility is being set up by the Jamaica-based Rainforest Seafoods Ltd, the Caribbeanâs largest supplier of premium quality fish and seafood.
The Jamaica Gleaner reported that the St Vincent and the Grenadines (SVG) factory will service Europe, Asia, North America, and, in smaller quantities, the tourism market in SVG.
Business Development manager at Rainforest Max Jardim said the company is focused on growing its brand presence throughout the Caribbean, Europe, and Asia.
âExports of our branded products from Jamaica to these markets are growing well, and we continue to witness increased market share in all three regions,â he told Gleaner Business.
The company is investing US$3 million in the new operation, which Jardim said is forecast to grow group revenue by 10 per cent.
That investment is being rolled out, while Rainforest continues expansion of its plant in Montego Bay, Jamaica. That investment to grow processing capacity amounts to US$10 million.
The SVG factory will be approximately 20,000 square feet and equipped to process multiple species of seafood indigenous to that country, including, but not limited to, lobster, conch, tuna, snapper, and other fish, Jardim said.
He noted that the processing facility in Montego Bay âis slightly larger, at approximately 30,000 square feetâ. The company also operates a 40,000-square foot plant in Kingston.
Rainforest St Vincent will employ 50 fishermen directly and 200 fishermen indirectly, Jardim said. It will be the companyâs fourth operation outside of Jamaica, the others being processing facilities in Belize and distribution units in St Lucia and Barbados.
âOur mission is to invest in operations regionally and supply markets across the world,â Jardim said. âWe are witnessing healthy growth, driven largely by our export division.â
He said that within the last 12 months, the company has added Antigua and Barbuda, Dubai, Greece, Spain, and Hong Kong as new markets.
âExports to these markets are conch, lobster, and value-added products processed and exported from our facility in Jamaica,â he said.
Last week, Rainforest issued a release that quoted company CEO Brian Jardim reporting a 40 per cent increase in exports for the period January to July 2017, compared to the same period in 2016.
Brian Jardim attributed the surge in exports to the growth of live lobster shipments to Asia and increased penetration in the Caribbean for the companyâs range of seafood products.
Since the start of this year, Rainforest said it has been shipping an average of three full containers and one or two air shipments per week to 11 English and French-speaking Caribbean islands, Asia, Europe, and North America.
Rainforest employs more than 6,000 workers regionally, the majority of them in its home market of Jamaica. The company, operational since 1995, distributes more than 400 types of fish, shellfish, and a variety of seafood products.