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Blue Collar Financial Analyses Spur Tree – It’s Undervalued @ $4.20… Rated Buy

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@stacyhonda
@stacyhonda
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2 years ago

Despite the significant cost challenges being faced due to the ongoing supply chain issues, the company continues to work assiduously at growing efficiencies in all areas of the business. We continue to capitalise on the economies of scale provided by the growth in our top line in leveraging better input costs. The directors are pleased with the results for the first quarter and are proud of the commitment and outstanding work of the executive team and staff as we strive for continued growth in all segments of the business,” Chairman Metry Seaga and Chief Executive Officer Albert Bailey.

@stacyhonda
@stacyhonda
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2 years ago

We have also begun work to expand our footprint in the local market with special emphasis on the food service segment. As we look forward in the coming months, we will continue to prioritise this initiative, not only as an important element of our revenue growth strategy, but also as a part of our risk mitigation approach in building more diverse revenue streams,” the report noted about its intentions going forward.

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Taking Stock LIVE with Kalilah Reynolds On Jamaica’s Rideshare Ban

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Minister of Transport Daryl Vaz announced a ban on ridesharing or ride-hailing apps in Jamaica, with immediate effect. He made the announcement on Tuesday afternoon during his contribution to the 2024/25 Sectoral Debate in the House of Representatives. Vaz said he was moved to act after being written to by a member of the Police High Command.

The Ban has recently been withdrawn.

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Taking Stock LIVE Kalilah Reynolds Interviews Richard Owen Byles Governor of Bank of Jamaica (BOJ) On When Will The BOJ Lower Interest Rates?

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Money Media Kalilah Reynolds Talks to Patrick Kumst Managing Director Omni Industries Limited

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OMNI Industries Limited is a thermoplastics manufacturing and distribution company based in Twickenham Park, St. Catherine and has been operational since 1975. OMNI manufactures, recycles, imports and distributes thermoplastic products including PVC pipes, conduits, hoses and plastic houseware items.

In 1974, Uwe Kumst, a German export merchant from Hamburg (who came to Jamaica in 1964), founded Omni Industries Ltd. as a manufacturing concern for PVC plastics products. Starting with plastic garden hoses, the company quickly grew to manufacture PVC conduit pipes for electrical use, and shortly after started the extrusion of a wide range of PVC water pipes.

In 1984, Wilfried Bergmeier, a German plastic engineer, joined Omni Industries Ltd. as Technical Director, and the company’s expansion continued. An Injection-Moulding Department was added which manufactured PVC pipe fittings and in 1986, Von White, a Jamaican marketing expert, was brought in to lead a highly motivated sales force of 12 persons and its own fleet of delivery trucks.

In 1996, Patrick Kumst, MBA, joined the company as Financial Director. Over the years, Omni Industries Ltd. saw tremendous growth annually, both in production output and sales.

Omni Industries Ltd’s success in the marketplace spurred their expansion into PVC water pipes and fittings, for pressure and drain applications. Also, the Injection-Moulding Department offers a wide variety of molds for bottles crates, houseware items for the kitchen, laundry, garden and commercial containers.

In 2002, Omni Industries Ltd. purchased well-known Thermo Plastics Limited and relocated their operation to a larger facility in Spanish Town. This acquisition allowed for the expansion into new product lines, creating Omni Industries Ltd. as the only manufacturer of industrial packaging products.

We are now considered the leading distributor of PVC pipes in Jamaica.

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JMMB Group Limited Investor Briefing – November 16, 2023

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A conversation with Marcel Anderson Group Chief Executive Officer and CTO at KYO Group on the disruption they are bringing to International Fast Cargo Transportation from the United States to Jamaica.

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Aldo Antonio Executive Chairman Businessuite Media Group has a conversation with Marcel Anderson Group Chief Executive Officer and CTO at KYO Group on the disruption they are bringing to International Fast Cargo Transportation from the United States to Jamaica.
This was done as part of the Regional Innovators Segment for the recently held Caribbean Strategy Conference hosted by Framework Consulting Jamaica Ltd.

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