The Honourable Audley Shaw, Minister of Industry, Investment and Commerce (centre right) speaks to (L-R) Martin Nesbeth, Co-Founder of Carbyne Capital; Ricardo Durrant, Manager, Sales and Promotion Support Unit and Norman Naar, Vice President of Sales and Promotion, JAMPRO; Sophia Pearce, Spring Gardens CEO; and Rajiv Ebanks, Co-Founder of Carbyne Capital, before Spring Gardens exported its first container shipment of canned ackees to Canada. The company recently secured a distributor for the Canadian and USA markets with support from the Export Max III programme and Carbyne Capital Investments.
Kingston, Jamaica: The export development programme, Export Max III, celebrates a bold move by one of its participants, Spring Gardens Processors, which recently made its first container shipment of canned ackees to Canada supplying a newly acquired major distributor. On hand to witness the occasion was The Hon. Audley Shaw, Minister of Industry, Investment and Commerce, who expressed his delight with the partnerships being formed under the Export Max III Programme.
“I am pleased to see this opportunity for Spring Garden Processors, which is a testament to the importance and success of the Export Max programme in developing companies and increasing exports from Jamaica,” Minister Shaw said.
Spring Gardens Processors (SGP) is a manufacturer and food processor of canned products, fresh Jamaican produce, and dried fruits and spices. It recently secured a large distributor with an extensive distribution network across Canada and the United States of America. SGP’s CEO, Sophia Pearce, expressed appreciation for the Export Max III programme and the support provided by Carbyne Capital Investments, which enabled her to begin supplying large distribution chains in targeted export markets.
Carbyne, which partnered with JAMPRO earlier this year to provide financing solutions to businesses under the Export Max Programme, was also on site for the consolidation of the container for shipment. According to Pearce, “The supply chain financing solutions provided by Carbyne enabled Spring Gardens to quickly scale up operations to meet the contract requirements of the Canadian export market.”
Co-Founder of Carbyne, Rajiv Ebanks said, “We are proud to partner with JAMPRO on this Export Max initiative. Since commencing operations in Jamaica, we have provided factor financing solutions to companies operating within bauxite and aggregate mining, large infrastructure construction projects, agriculture, tourism, manufacturing and distribution supply chains.”
Minister Shaw indicated that this was a prime example of the solutions needed to propel businesses to grow and expand in new markets and encouraged the partners to provide more of these types of financing solutions to benefit the cohorts of Export Max III.
President of JAMPRO, Diane Edwards, noted, “JAMPRO is pleased that Spring Gardens Processors is penetrating new markets. Export Max has served as a valuable path to growth for our manufacturers, and we hope to continue this trend by supporting more companies as they seek to Export Brand Jamaica to international shelves”.
Export Max III is an initiative facilitated by JAMPRO, the Jamaica Manufacturers and Exporters Association (JMEA), and the Jamaica Business Development Corporation (JBDC), to increase Jamaica’s export sales.
The Jamaica Promotions Corporation’s (JAMPRO’s) mission is to drive economic development through growth in investment and export. JAMPRO is an Agency of the Ministry of Industry, Investment, and Commerce.