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Friday, May 30, 2025

PriceSmart invests US$3.7M in biodegradable products plant

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849 days ago
20230201
Shell-Ann Alexis Anderson, health safety, environment, and quality lead, right, shows Prime Minister Dr Keith Rowley the domes for cake trays during the tour of the PriceSmart Sustainable Solutions Plant in Couva on Tuesday.

Shell-Ann Alexis Anderson, health safety, environment, and quality lead, right, shows Prime Minister Dr Keith Rowley the domes for cake trays during the tour of the PriceSmart Sustainable Solutions Plant in Couva on Tuesday.

RISHI RAGOONATH

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.


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