Thursday 20 February, 2020

Positive first half performance for manufacturers

While some private sector businesses are watching with trepidation as the country’s economic state threatens business operations, two manufacturing companies, CemTile Ltd. and Creative Paving Solutions Inc, are looking to the end of the year on a positive note.

In fact, Financial Accountant and Office Manager Esther-Ann Millar said while operations at Creative Paving Solutions are currently on par with 2016, CemTile is performing better than last year due largely to the Sandals development.

Millar added that along with the construction at Republic Bank headquarters in Warrens and the Sandals contract, Creative Paving Solutions is also set to work on the refurbishments at another South Coast resort.

She noted that for CemTile, the Sandals development is the biggest contract, however, the company is involved in several other residential projects.

Creative Paving Solutions is a manufacturer of concrete Blocks and Pavers and CemTile manufactures roofing solutions.

The manufacturing sector has been fortunate to be exempted from the taxation measures, particularly the ten percent National Social Responsibility Levy (NSRL) announced by the Minister of Finance in the May budget.

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