Jamaica

National Rums of Jamaica Limited

I have no labels:(


History

Company Shareholder % shareholding # of Empl Source of Income Activity/Remarks
National Rums of Jamaica National Sugar Company 100 7 Sale of Alcohol Holding company of three distilleries - two operational. Responsible for Limited Limited the production, promotion, marketing and distribution of all current crop rums at its Monymusk and Long Pond distilleries. Involved in the manufacture and sale of denatured spirits and the aging of rum at its Innswood location.
Long Pond Distilleries National Rums of Jamaica 100 37 Sale of Rum Fermentation and distillation of rum.
Clarendon Distilleries National Rums of Jamaica
Trelawny Estate Limited
51
49
95 Sale of rum and alcohol Fermentation and distillation of rum.

The Government of Jamaica is pleased to announce the restructuring of the State-Owned National Rums of Jamaica Ltd., (NRJ) the holding company of Clarendon Distillers Ltd., Long Pond Distillers Ltd. and Innswood Distillery Ltd. (collectively the NRJ Group).

Under agreements signed with Demerara Distillers Ltd. of Guyana, The West Indies Rum Distillery Ltd. (a subsidiary of Goddard Enterprises Ltd. of Barbados) and DIAGEO North America Inc. (a subsidiary of Diageo PLC the World's largest Spirit Company), the three investors will bring new equity investments totaling U.S.$5.368 million to the NRJ Group.

With the injection of this new capital, Demerara Distillers Ltd., The West Indies Rum Distillery Ltd. and the State-Owned National Sugar Company Ltd. will each own 33.3 per cent of the shares in NRJ.

NRJ will hold 73 per cent of the shares in Clarendon Distillers Ltd. at Monymusk with 27 per cent held by Diageo North America Inc., through its subsidiary Trelawny Estates Ltd. Long Pond Distillers Ltd. and Inswood Distillery Ltd. will continue to be wholly-owned subsidiaries of NRJ.

This new investment capital along with funding from the European Union's Integrated Development Programme for the Caribbean rum sector will be utilised to finance a major modernisation and expansion programme of the NRJ Group. NRJ, which is a leading supplier of Jamaican bulk rum, is also looking to develop a brand portfolio in order to facilitate its entry into the value-added market.

The board of directors of NRJ will be restructured to include representatives of the new investors and we wish to record our thanks to the long standing outgoing chairman Mr. Howard Hamilton who has kindly consented to remain on the board. Mr. Evon Brown will also continue as group CEO and a director of NRJ and its subsidiaries.

[Source: Jamaica Gleaner News, cit. 2006]


Search in text on the labels

(?) Advanced query
Parts of words (min 2 characters) or whole words Find whole words instead of their parts (?)

Last modified: February 18, 2007 Created by Petr Hloušek
Hlouškovi  
Peter's Rum Labels

English Česky Deutsch/

TOPlist
Since 1997

 

 

Page themes - text from labels: