A company started 62 years ago as a machine shop has grown into an engineering powerhouse which has just completed a US$1 million contract to build a 14-and-a-half foot diameter, 47-foot-long stainless steel converter for Petrotrin’s alky acid plant at the Pointe-a-Pierre refinery.
In times of financial and economic uncertainty, wisdom dictates to some business people that they reduce costs, adopt a conservative posture and ride out the storm. Not so for the Fujitsu Group, the US$53 billion global IT provider.
With the region’s economies in a slump and with consumer confidence in the local economy at an all-time low, you would think that now would not be the best time to be starting a new business focussing on the higher end of the real estate market.
While other countries have scaled back their advertising amid the deepening global recession, Jamaica has maintained its tourism marketing, according to Wayne Cummings, president of the Jamaican Hotel and Tourist Association (JHTA).