Banks DIH Limited has commissioned a new $13.7 Billion bottling plant at its Thirst Park location, which will boost production capacity.
At the commissioning of the plant on Sunday, Chairman and Managing Director of Banks DIH, Clifford Reis, said the new bottling plant has been in the making for years, as the company felt the need to further expand its footprint in the local and regional markets.
“This plant will be capable now of producing 400,000 cases of beer per month on a single shift, or 800,000 cases in the double shift. This plant will be able to store 900,000 malts per month and brew and bottle 800,000, much of which has now been accomplished and this is a plan we had for four years,” the Banks DIH Chairman noted.
In addition to the bottling plant, Mr. Reis said the company will also install a new canning line this week which will be capable of producing 17,000 canned products per hour.
“We are set to enhance our production capabilities significantly; this means a faster turn around time and higher quality products for all our customers. Moreover, we are committed to sustainable practices, this facility incorporates energy efficient system and eco-friendly material, reflecting our responsibility towards the environment,” Mr. Reis noted.
Meanwhile, President Irfaan Ali who also delivered remarks at the commissioning, hailed the company as an industrial giant that has been part of the country’s economic heritage.
He said while the company has done well over the years, there is more that could be done. President Ali said discussions are underway with the company on the issue of making its mark regionally.
On the investment side, he said the investment in the new bottling plant represents another installment of the company’s transformation.
“This investment is significant; it represents the expansion at a time when imported products are readily available and competition is intense. Though I believe in this moment of our history and our region’s history we have the greatest opportunity to penetrate the regional market as whole. This investment sends a powerful message of confidence—confidence in the brand, confidence in the market and confidence in Guyana’s future,” the President said.
The President said the company’s financial and business model have stood the test of time and is confident that Banks will continue to be a major player in the country’s economy.
Banks DIH believes the new additions to its bottling line will further support its financial bottom line.
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