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Bowen and Bowen inaugurates state of the art bottling line facility


 

A new multi-million, state of the art soft drink bottling facility was inaugurated on Tuesday, 13th January by Bowen & Bowen Ltd as part of the company’s efforts to increase its competitive edge to secure its fair share of the local market, which in recent years has been flooded by an expanding number of imported brands.

The beverage market in Belize is becoming more competitive with products now being imported from Mexico, Central America and the Caribbean.

To maintain its market share, Bowen and Bowen Ltd decided to upgrade its soft drink manufacturing and beer fermentation and bottling capacity at its facilities in Ladyville. This investment is mainly in the form of new bottling equipment in line with the requirements that the international holders (Coca Cola, Fanta and Guinness) are demanding.

 

The project will cost approximately Bz 79 million and will be implemented in three main phases over a period five years  with the soft drink bottling facility being on the top list.

B & B employee at the switch - Copy

According to Michael Bowen, President and CEO of Bowen and Bowen, the new facility is valued at  approximately Bz $40 million and can process 22,000 bottles per hour.

Bowen and Bowen is  the producer of Lighthouse Lager, Belikin Beer and Stout, Belikin Premium, Guinness Stout, Coca Cola, Sprite, Fanta, Crystal Water and Crystal Fruit Beverage.

At the inauguration ceremony, Prime Minister Dean Barrow said the investment was emblematic of the company’s commitment to producing the finest products for the local market and the creation of jobs for Belizeans. He offered his congratulations to the management of Bowen and Bowen Ltd and reiterated his Government’s unwavering support for the project.

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Hon. Dean Barrow

 

Under the Government of Belize’s Fiscal Incentive Programme, the Bowen and Bowen expansion project was granted a development concession, which is being administered by the  Aftercare Unit of the Belize Investment Development Service (BELTRAIDE), to assist the company to increase the feasibility for the  full implementation of its expansion plan.

BELTRAIDE’s mission is to enhance Belize’s prosperity by fostering investment confidence, entrepreneurship, business growth and innovation. In addition to its main functions, BELTRAIDE also operates the Small Business Development Centre (SBDCBelize) and the Belize Training Employment Centre (BTEC), which are based in Belize City.

Since its establishment in 2011 over 8,000 local and international businesses have benefited from BELTRAIDE services.

 

 

 

The inaugural ceremony was attended by over 2,000 company employees, government officials, members of the House of Representatives  and Ministers of Government,  including Hon Tracy Taegar, Minister of State in the Ministry of Economic Development, Petroleum, Investment, Trade and Commerce. Minister Taegar is also the Minister responsible for Beltraide.

Members of cabinet
(L-R) Hon. Tracy Taegar- Panton, Hon. Beverly Castillo, Hon. Godwin Hulse, Hon. Anthony Martinez, Hon. Michael Finnegan 

 

 

 

Partial Scope Agreement with Guatemala


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Belize signed a Partial Scope Agreement with Guatemala on 26th June, 2006 in Belize City. Eight years later, on 28th February, 2014, Belize hosted the first meeting of the Administrative Commission established through the provisions of the Agreement. The Commission has direct oversight of four technical committees also created by the Agreement to resolve trade and trade related issues in the areas of Customs Procedures of Rules of Origin (ROO), Plant and Animal Health (SPS), Standards and Quality (TBT) and Land Transportation. . The objective of this meeting was to gather the relevant stakeholders  to make effective the administrative mechanism that would facilitate the resolution of cross border trading issues between the two countries.

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Ms. Margaret Ventura, mistress of ceremony, opened with Belize’s national prayer; followed by the Head of the Belize Delegation, Chief Executive Officer Michael Singh, who reaffirmed the Government of Belize’s strong interest and commitment in commerce between Belize and Guatemala . He also noted the importance of conducting trade in an official manner and in accordance with the Partial Scope Agreement (PSA). The Head of the Guatemala delegation, Vice Minister Maria Luisa Flores Villagran echoed similar concerns and commitments from the Government of Guatemala. Continue reading “Partial Scope Agreement with Guatemala”

How to Prepare Your Product for Import/Export


Studying competing products in the country where you wish to do business is a great way to target what works in that market. If you cannot visit the country and scan store shelves yourself, get in touch with folks on the ground there and see if they can apprise you of what products are comparable to yours.

Meanwhile, grab a sample of your own import/export-ready product, and let’s run through our checklist:

1. The name of your product.

    Sure, it sounds fine and intriguing to an American, but what does it mean in the target market? Find out beforehand. If you don’t, you will end up with a fiasco like Chevrolet had on their hands when they introduced their new automobile called the “Nova” in Venezuela — which, in Spanish, means “doesn’t go”!

2. The colors of your packaging. Continue reading “How to Prepare Your Product for Import/Export”

Inter-American Investment Corporation Small Business Financing


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http://www.iic.org/finpymecredit

 

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