Seprod to add warehouse, distribution centre
Manufacturing and distribution firm Seprod Limited has bought lands adjoining it Marcus Garvey Drive, Kingston head office for further expansion of its warehousing and distribution business.
The 9,262-square-foot lot was bought about two weeks ago for roughly $50 million, Chief Executive Officer Richard Pandohie told the Financial Gleaner.
The food conglomerate has been in expansion mode for the last few years.
"We are going to apply to make this an economic freezone," Pandohie said of plans to drive growth.
Work to build additional factory space and consolidate its warehousing has already begun, Pandohie said.
The factory's expansion should be completed in 2017 with the warehouse set for the first quarter of 2018, though work will start in 2017, he said.
"The factory project is well on the way. The distribution consolidation and expansion have started already," he said, adding that "acquiring this piece of land will now accelerate that process".
Seprod's export operation will also be consolidated into the new facility being built, he said.
"We have a lot of factories all over the place - in St Thomas, Bog Walk (in St Catherine) and Spanish Town Road (in Kingston). Essentially, what we want to do is create one massive distribution centre. The smaller warehouses will be consolidated there," he said.
"It is ideally located because we have around four factories within close proximity to here," Pandohie said.
The proximity to the ports and highway also make the site ideal for the planned operations, he added.
Another parcel of land that sits at the front of the company's site will be rolled into the expansion.