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Ansa McAl in the CSME

Ansa McAl in the CSME. Kelvin Mahabir Sector Head-Manufacturing Ansa McAl Group of Companies. Who is Ansa McAl. Large conglomerate with presence via trading or operating companies in all territories of Caricom - Banking/Insurance - Manufacturing – light & medium, petrochemicals

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Ansa McAl in the CSME

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  1. Ansa McAl in the CSME Kelvin Mahabir Sector Head-Manufacturing Ansa McAl Group of Companies

  2. Who is Ansa McAl Large conglomerate with presence via trading or operating companies in all territories of Caricom- Banking/Insurance - Manufacturing – light & medium, petrochemicals - Brewing- Retail/Services- Distribution- Automotive

  3. Financial Indicators • Market capitalization TT$6.2bn • Annual Revenue TT$3.5bn • Profit after tax TT$0.53bn • Significant debt capacity

  4. Ansa McAl’s experiences • Duty-free movement of products into member state countries • Access to markets from Belize to Suriname • Access to senior personnel • Allows for greater cost efficiency • Market & profit growth fuelling expansion • Acquisitions – beer, retail

  5. Ansa McAl’s experiences • Large breweries entering small markets using global strength • Barriers – Environmental Tax Guyana • Inefficiency at Ports and Customs –higher transaction costs • Competition policy agenda– bias against large/dominant players • Dumping of beer, matches

  6. Suggestions for the CSME • Private Sector/CAIC given a greater role in the implementation of the single economy i.e. provided with funding based on structured action plans to deliver results in the designated time frames • Harmonization of legislation so that the region operates as a single economic space – anti-dumping actions • Choose winners in market niches & promote conditions for world class firm development • Consistency of specifications via uniform standards (with enforcement)throughout the region – goods & services

  7. Suggestions for the CSME • Development fund – use to develop futuristic and complimentary rather than competitive markets • Mergers & acquisitions – must be looked at from perspective of economies of scale & international competitiveness • Formation of a single stock exchange • Single currency A single economic space, no internal barriers; with coordination and then transformation of regional economic and social policies

  8. Thank you

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