Coreas Distribution Limited (CDL) has announced plans to break ground for a state-of-the-art distribution centre and offices in Diamond Village, St Vincent and the Grenadines, worth EC$27.7 million.
A subsidiary of the Caribbean Distribution Partners Limited (CDP), CDL is one of seven fast-moving consumer goods (FMCG) distribution companies under the Goddard Enterprises/Agostini’s Limited joint venture company.
This project in St Vincent and the Grenadines follows similar facility expansions in St Lucia, Grenada, Trinidad and Barbados.”— Tracey Shuffler, group CEO, Caribbean Distribution Partners Limited
So far, the distribution company has developed a very successful track record based on its strong and lasting relationships with strategic suppliers, customers, and Government stakeholders, a press release from the company stated.
CEO of CDL Jimmie Forde, while commenting on the investment, noted: “Our team has done well with the facilities which we currently occupy, but we look forward to treating our customers to a more efficient service while housing our enthusiastic team in upgraded facilities.”
Upon completion, the new distribution centre will have 48,000 square feet of warehouse space split between dry, frozen and chilled storage. Furthermore, the offices and employee facilities will add another 12,500 square feet.
For the construction period, the contractors have estimated that the project will create employment for approximately 120 individuals.
Group CEO of CDP Tracey Shuffler underscored that the investment in CDL’s facilities forms part of a strategic decision to ensure that all the group’s facilities reflect the shareholders’ dedication to regional expansion and investment.
“This project in St Vincent and the Grenadines follows similar facility expansions in St Lucia, Grenada, Trinidad and Barbados. We see this most recent project as necessary, despite prevailing circumstances, in order to be well prepared for future growth,” she also shared.
The construction of CDL’s new distribution centre and offices has been in the planning phase for the last two years.