Trinidad manufacturers consider ways to invest in Guyana’s wood industry

President of the Trinidad and Tobago Manufacturers’ Association Roger Roach during his address  (Photo: News Room/ October 4, 2023)

He added that wood from Guyana is a premier product in Trinidad and rather than importing the wood, questioned why not move businesses to Guyana. In doing so, the expertise from Trinidad can be utilised here.

Businesses will be able to tap into manufacturing wood products rather than only exporting raw material. This paves the way for value-added, an initiative that Businessman Rafeek Khan, who was also present during Roach’s presentation, has been calling for.

Roach further noted that the construction sector here is expanding as many Trinidadian companies relocate to Guyana to respond to the booming infrastructural developments.

“We welcome any initiative to encourage investment in Guyana [and] I notice recently that ABS [Ansa Building Solutions], a member of the Ansa McAl group, launched a company in Guyana and I would assume it is a start off trading and eventually look at the opportunities.

“We have a clay block factory in Trinidad and Tobago but that clay block factory has a lot of excess capacity which they can’t export to Guyana without making an initial investment, so we have to [make an investment here],” Roach said.

Several members of the Trinidad and Tobago Manufacturers’ Association (TTMA) are in Guyana seeking out collaboration and business opportunities.

The meeting was organised by ActionINVEST Caribbean Inc. and enabled several local and Trinidad businesses the opportunity to meet. During these discussions, both countries have acknowledged several areas where investment opportunities exist.