New business gained in Trinidad & Tobago and the Dominican Republic, along with adjustments in a few of the raw materials used in its products, helped Caribbean Flavours and Fragrances Limited, CFF, to maintain second quarter 2022 earnings at $24 million.
The company, which has been working to triple its earnings outside of Jamaica to 30 per cent, managed to secure new business in the region during the quarter while maintaining its current customer base, despite supply chain bottlenecks and rising raw material costs which have been threatening its ability to store adequate inventory.
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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.
