Cari-Med to consolidate warehouses outside Kingston | Business

Cari-Med to consolidate warehouses outside Kingston | Business


Distribution and manufacturing conglomerate Cari-Med Limited is consolidating its widely spread warehousing network at a new complex to be developed at Tamarind Farm on the outer fringes of the Bernard Lodge Estates in St Catherine, the Financial Gleaner understands.

The company, owned and led by Glen Christian, currently operates sites at three locations in Kingston: at Lady Musgrave Road, Beechwood Avenue, and Marcus Garvey Drive.

It is understood that the warehousing project is expected to cost US$15 million and that financing has already been secured. Reliable sources also indicate that the contract to build the facility is expected to be issued to Tank-Weld Construction.

Tank-Weld’s Bruce Bicknell and his partner, Louis Aitken, confirmed that discussions were ongoing with Cari-Med regarding the project, but both referred requests for further comment to Christian, saying that the full details are yet to be worked out.

Christian said he was not ready to speak about the plan. It is understood that he has already briefed staff at the affected Cari-Med locations of the changes to come.

When the project comes on stream, Cari-Med is expected to have one of the largest warehousing operations in Jamaica.

neville.graham@gleanerjm.com



Source link Google News

Share