JavaScript is disabled in your web browser or browser is too old to support JavaScript. Today almost all web pages contain JavaScript, a scripting programming language that runs on visitor's web browser. It makes web pages functional for specific purposes and if disabled for some reason, the content or the functionality of the web page can be limited or unavailable.

Friday, April 4, 2025

Angostura returns to China

by

Andrea Perez-Sobers
258 days ago
20240720
Caribbean Commercial Management, Hangzhou Co Ltd, managing director Charles Xiang Cheng, left, and Angostura Holdings Ltd chairman Terrence Bharath SC shake hand after signing the importation and appointment contracts yesterday at Angostura’s oak room. Also in the photo are The People’s Republic of China Ambassador to T&T Fang Qui, Ministry of Trade and Industry  deputy permanent secretary (Ag) Ava Mahabir-Dass and Angostura Holdings Ltd CEO Laurent Schun.

Caribbean Commercial Management, Hangzhou Co Ltd, managing director Charles Xiang Cheng, left, and Angostura Holdings Ltd chairman Terrence Bharath SC shake hand after signing the importation and appointment contracts yesterday at Angostura’s oak room. Also in the photo are The People’s Republic of China Ambassador to T&T Fang Qui, Ministry of Trade and Industry deputy permanent secretary (Ag) Ava Mahabir-Dass and Angostura Holdings Ltd CEO Laurent Schun.

SHIRLEY BAHADUR

An­drea Perez-Sobers

Se­nior Re­porter

an­drea.perez-sobers@guardian.co.tt

Lead­ing lo­cal rum pro­duc­er An­gos­tu­ra is in­creas­ing its in­ter­na­tion­al foot­print and its ex­port thrust by reen­ter­ing the Chi­nese mar­ket. 

This was marked by a sign­ing cer­e­mo­ny that took place yes­ter­day at its Laven­tille head­quar­ters. 

An­gos­tu­ra's chair­man Ter­rence Bharath ex­plained to Guardian Me­dia that the rum and bit­ters com­pa­ny ex­it­ed the Chi­nese mar­ket in 2022 as it felt the pre­vi­ous dis­trib­u­tor was not gain­ing trac­tion. 

He said one of the things that con­cerned An­gos­tu­ra is hav­ing a dis­trib­u­tor so far away in Chi­na along with the lan­guage bar­ri­er. Al­so to dis­trib­ute T&T prod­ucts in Chi­na, it would be nec­es­sary to have an of­fice lo­cat­ed in that coun­try, Chi­na, Bharath said.

“We were for­tu­nate to meet Charles Xi­ang Cheng, Caribbean Com­mer­cial Man­age­ment’s man­ag­ing di­rec­tor and he's a Chi­nese na­tion­al do­ing busi­ness in Trinidad for over 10 years and of­fered us the fa­cil­i­ty of be­ing able to trade with Chi­na. We have done our re­search on him. He ap­par­ent­ly has an of­fice set up in Chi­na so it be­came ap­par­ent to us that this was a win-win sit­u­a­tion,” he said. 

Bharath not­ed that it's not an easy pas­sage to get rums in­to these large coun­tries and An­gos­tu­ra has been mak­ing sev­er­al in­roads.  

“Chi­na was one of them that I had my eye on when I be­came chair­man and one of the things that we hope to come out of this is that we will get some trac­tion in the bars in Chi­na. Now you can't dis­trib­ute rum all over Chi­na be­cause it's so large. We're look­ing at Shang­hai and Bei­jing to start. I un­der­stand they have about 1,500 bars in those ar­eas. They have a vi­brant nightlife,” he de­tailed. 

Bharath added that An­gos­tu­ra has al­ready sent con­tain­ers of rum and bit­ters to Chi­na val­ued at US$250,000. 

At the sign­ing cer­e­mo­ny, Cheng told stake­hold­ers that he was pleased the com­pa­ny ex­pressed enough con­fi­dence in him to ap­point his com­pa­ny as the ex­clu­sive dis­trib­u­tor for Chi­na. 

“It is my dream to get An­gos­tu­ra man­u­fac­tur­ing every day of the year to ful­fill the or­ders for the Chi­nese mar­ket, as every­body knows its size.” 

An­gos­tu­ra cur­rent­ly ex­ports to 170 mar­kets and aims to tap in­to new mar­kets to ex­pand its pre­mi­um rum prod­ucts and bit­ters.   


Related articles

Sponsored

Weather

PORT OF SPAIN WEATHER

Sponsored