st. kitts and nevis
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Presented By:José Rosa
General ManagerKajola-Kristada, Ltd.
Manufacturing Sector – Saint Kitts and Nevis Strengths Sector Composition Economical Indicators Strengths Challenges &
Opportunities/Initiatives
AgendaAgenda
Saint Kitts & Nevis Saint Kitts & Nevis ManufacturingManufacturing
Sector CompositionSector Composition Constituted by local and foreign manufacturing
companies Approximately Eighteen (18) different manufacturing
companies 90% of the companies have operated for over 10 years in St.
Kitts and Nevis Manufacturing companies categories.
Light Electronic & Electrical Servo motors, switches, telecommunication and cable TV
devices Beverages
Beer, soft drinks, water, rum Apparel
Uniforms, General Clothing Furniture Masonry, Windows and Doors Agro processors
Saint Kitts & Nevis ManufacturingSaint Kitts & Nevis ManufacturingGDP Impact TrendGDP Impact Trend
Percentage of GDP Percentage of GDP By Business Sector 2012 By Business Sector 2012
Saint Kitts & Nevis Saint Kitts & Nevis ManufacturingManufacturing
Selected Economical Selected Economical IndicatorsIndicators Relevant Data
Employees - Approximately 2,000 in 2012 Exports (Currency =XCD million)
2010 – $139.81 $110 – Electronic/Electrical $6.62 - Beverages
2011 – $163.42 $121 – Electronic/Electrical $9.03 - Beverages
2012 - $166.66 $132 – Electronic/Electrical $10.12 - Beverages
Saint Kitts & Nevis Saint Kitts & Nevis Manufacturing StrengthsManufacturing Strengths
Stable political, social, economical and business environment
Business incentives and fiscal exemptions for local and foreign investors
Low cost producer relatively to USA and other developed countries
Free trade agreements and international initiatives to facilitate the free movement of goods Caribbean Single Market Economy (CSME) CARICOM European Partnership Agreement (EPA) Caribbean Base Initiative
Saint Kitts & Nevis Saint Kitts & Nevis Manufacturing Strengths Manufacturing Strengths
(cont.)(cont.) Strong Human Resources base
Trainable Experience in manufacturing Adaptability to meet markets demands
Adequate infrastructure Diverse air and sea transportation
services Proximity to USA, South America,
Central America and Caribbean Markets
Saint Kitts & Nevis Saint Kitts & Nevis Manufacturing Other Manufacturing Other
Important FactsImportant Facts Bring new technologies Continuous employee training and education
Create stable jobs Employees work 40 hrs./week all year Competitive salaries and working conditions
Participate actively in the community Education scholarship Sports and entertainment events Support government and community initiatives
Maintain competition of cargo rates
Saint Kitts and Nevis Manufacturing Saint Kitts and Nevis Manufacturing Challenges & Opportunities /InitiativesChallenges & Opportunities /InitiativesChallenges Opportunities/
Initiatives Develop a Manufacturing
Strategic Plan to sustain and enhance manufacturing sector in Saint Kitts and Nevis
National Strategic Draft completed
National Consultation to take place during 2nd quarter 2013
Explore new trade agreements with other countries such as Brazil, MERCOSUR, Central America, Asia
Partial Scope Agreement (PSA) between Brazil- Guyana – SKN should be functional by June, 2013
Increased operational costs Utilities (electricity),
employees compensation, freight, wages
Application for energy audit funds for the manufacturing sector was submitted to The Center of Development Enterprise (CDE)
Insufficient local technical support base No advanced technical
education such as engineering
Working closely with TVET to align technical curriculum and training with the sector needs
Sourcing technical resources from the region taking advantage of the CSME
Saint Kitts and Nevis Manufacturing Saint Kitts and Nevis Manufacturing Challenges & Opportunities /InitiativesChallenges & Opportunities /Initiatives
Challenges Opportunities/Initiatives
Majority of the raw materials and components have to be imported
Explore partnerships and cooperation agreements with other manufacturing sector in the region to increase regional sourcing
Compete with countries in and out of the region with lower wages
Manufacturing plants are investing financial and human resources to promote high productivity and quality level using LEAN, Six Sigma and ISO tools.
Increase automation to reduce labor cost and produce new products
Saint Kitts and Nevis Manufacturing Saint Kitts and Nevis Manufacturing Challenges & Opportunities /InitiativesChallenges & Opportunities /Initiatives
Challenges Opportunities/Initiatives Worldwide decline
in manufacturing and economical recession
Focus to grow the small manufacture enterprises (SME) Initiated discussion between the
Manufacturing Division of the SKN Chamber of Commerce and SIDF to see the availability to obtain capital to incentive this sector
Last year started trainings to improve SME’s business knowledge sponsored by the Central Bank (ECCB) and SKN Chamber of Commerce
Attract new foreign industries with different technologies such as Medical Devices, Pharmaceutical
Increase workforce flexibility and productivity
Government to explore alternatives to mitigate the effect of the recession for indigenous manufacturers
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