kevon.felmine@guardian.co.tt
After 23 years of retail business in T&T, PriceSmart Membership Club has invested US$3.7 million to diversify its portfolio with a venture into manufacturing.
The multinational company’s decision to manufacture environmentally friendly biodegradable packaging for its products was a decision Prime Minister Dr Keith Rowley lauded as he cut the ribbon to the new facility at the Point Lisas Business Park yesterday.
Coming from his Diego Martin West Constituency, Rowley said he was pleased with the plant as all the garbage from western Port-of-Spain drifts along the coast and washes up at Chacachacare.
He said despite cleaning the island, it continues to pile up because people use too many non-degradable plastic products, and the environment suffers as a consequence.
“This plant is such a brilliant idea and is welcomed by the people, supported by the Government of T&T. We look forward to these biodegradable items to hold food and other things, and we know that we will be doing several things,” Rowley said.
He said the Government welcomes the investment, and the country needs the jobs.
It will also grow exports and is a thrust to ensure citizens are not smothered by their garbage.
The 30,000 sq ft Sustainable Solutions Plant uses bio-resin that undergoes extrusion and thermoforming to create 31 products PriceSmart will use to package meat.
Traditionally, the company, like most, imported styrofoam, a major environmental pollutant. However, executive vice president Brud Drachman explained that the new trays are home compostable.
“What I mean by that is you put it in your yard, and 200 days or less, it will compost to its original organic form, so there is no plastic, no microplastics, and it does not require any special generation of heat or bacteria to compost,” Drachman said.
Another product is recycled PET (Polyethylene terephthalate) used to make transparent covers for cakes.
Drachman said some are already in the Chaguanas branch.
PriceSmart leased the facility from Edan K Properties Ltd in February 2022, importing equipment from China, installing fixtures and testing operations within 10 months.
The plant will initially service PriceSmart’s four locations in T&T and, in time, export to its other 46 overseas.
There are currently 15 employees.
With production expected to increase, the plant may require another 10-15 workers.
Minister of Trade and Investment Paula Gopee-Scoon said the venture helps to redefine the private sector’s role as a driver and partner in sustainable development.
Gopee-Scoon said import data for 2018-2022 showed approximately $41 million in imports in one tariff line of food packaging and containers.
Of this figure, around $20 million represented styrofoam tray imports for meat packing.
She said the plant would help to significantly reduce T&T’s imports of trays, plates, cutlery, cups, and food containers while preserving foreign exchange.
“I am pleased to note that this plant will cut PriceSmart’s carbon dioxide usage by 50 per cent (7,749.2 tonnes of CO2) versus that of a conventional plastic plant operation,” she said.