Caribbean Fragrances ready to expand further in overseas market

CariBBEan Flavours and Fragrances (CFF), the Kingston-based producer of a host of flavours and fragrances used in the manufacturing process, is now ready to launch into the dominican republic and the US.

Ian Kelly, chief financial officer of CFF, told the Jamaica Observer that the aim is to have the entity earning more than half its revenues outside Jamaica “within the next five years.” Currently, CFF generates 20 per cent of its revenues outside Jamaica.

“We have partnered with manufacturers in Jamaica and we are now moving within specific areas of the Caribbean,” Kelly told the Caribbean Business report. “Jamaica has only three million people. We are looking for opportunities to broaden our revenues,” he added.

CFF last year recorded revenue growth of seven per cent to $637 million. Profits were, however, three per cent lower than the prior year at $79 million as the company like many others faced the brunt of the novel coronavirus pandemic and the accompanying supply chain issues which emanated.

However ,with things looking more positive even with the pandemic, the company is looking to go on the offensive for growth.

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest
Share on linkedin
LinkedIn

Leave a Comment

Your email address will not be published. Required fields are marked *

related news

CFF digi-sights and smells

Through virtual reality operations, patrons of the Caribbean Flavours and Fragrances Ltd (CFF) booth at the Jamaica Manufacturers and Exporters Association (JMEA) EXPO Jamaica were immersed into a simulated experience of computer-generated visuals that would allow users to interact with a specific environment whilst inhaling the scents that are directly associated with it.

Flavour company spends $40m on plant modernisation

Caribbean Flavours & Fragrances Limited, CFF, has pumped some $40 million into the modernisation of its Spanish Town Road, Kingston-based factory, investments that have helped the company record its best half-year revenue performance to date.