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.