Latest update December 2nd, 2024 1:00 AM
May 20, 2009 News
The construction boom is evident on the local shores and if all goes well with material demands Guyana could see a further investment of $5.4B in 2010.
Ansa McAl Trading Ltd yesterday, recognising what the company terms “a construction boom,” launched a $10m Construction Solutions showroom at its head office, 60 Industrial Site, Beterverwagting.
Guyana is the first location outside of Trinidad in a new generation of building solutions outlets and the location aims to provide alternate construction solutions on the local shores.
Company Marketing Director, Beverley Harper, said that her company is willing to listen to any idea that builders might have and although the company’s name is know as a Caribbean beverage giant, the launch of the Construction showroom is another way to show that its business is far reaching and widespread.
The showroom was launched to create awareness that there is more to the company that includes the construction boom in Trinidad more than 100 years ago.
It offers a variety that includes clay roofing tiles, interlocking concrete paving stones, aluminium, PVC and steel windows, and the reintroduction of Penta Paints: a brand that has been rejuvenated for the local market.
“Now is the right time for this because of the current construction boom happening in Guyana, especially since Government has embarked on its social responsibility providing house lots over the next three years,” said Shanttee Tiwari Construction Manager at the launching.
Tiwari noted that her company’s showroom offers a variety of construction products that can be used to enhance properties and landscaping including PVC, steel and aluminium windows, clay roofing, doors and cupboards that would create an immediate enhancement and additional value to buildings and landscape.
In its initial investment feasibility stage, the showroom offers products to improve construction aesthetics and increase property value for single home owners and developers on the local shores.
Harper said the launch is a precursor to possible partnerships with government and the private sector. Ansa McAl is a subsidiary of the conglomerate, which considers Guyana one of its most important markets.
She added that several symposiums are planned as follow-ups over the next few weeks to give advice and answer questions on the access to, and use of the products and installation.
Kevin Mahabir, group sector head, Marketing Division has visited Guyana for more than 20 years on business trips and he says Guyana was chosen because of “the development over the last few years does signal a new era in the development of the country.”
Mahabir believes that Guyana is “only seeing the tip of the iceberg and he said that the decision to go ahead with a construction division was taken around the start of 2008.
The concept ensures that the construction products and services are available, under one roof to the business and trade community, as well as for walk-in customers.
He expressed the belief that Guyana will be the gateway for CARICOM trade as the new engine and conduit of growth over the next decade.
Further, he noted that be it foresight or pure luck, Guyana is one of the markets in the region that continues to do reasonably well, even despite the turmoil of the global recessionary conditions.
He said that Guyana’s construction division would now benefit from his company’s investment of over $5.4B in capital expenditure over the last five years.
In addition to the products his company will over the next few months bring a strong technical and service support from Trinidad to Guyana.
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