Seprod Expanding Warehousing Space

Seprod is building out new warehouse space at its main complex in Kingston's industrial zone, which is said to be part of a larger hub that the company will build out over time.

Seprod has not disclosed the size of the investment, which is meant to provide space for the Facey Consumer business acquired from the Facey Group for US$53.8 million for cash and shares. Sources say, however, that the new warehouse and infrastructural works is costing around $300 million. CEO Richard Pandohie confirmed the construction activity, but opted not to comment on the larger project. 

"Yes, we're doing about 50,000 square feet of space, and this should enhance our capacity to take care of the natural cycles of production and supply," he said of the current project.

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