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Musson invests over US$100m in Jamaica in two years

Thursday, October 05, 2017

THE Musson Group of Companies has invested over US$100 million in a number of projects over the last two years.

“It feels a bit awkward saying this, as it is not in our nature to say these things,” chairman of the Jamaica-based company, PB Scott, who is also president of the Private Sector Organisation of Jamaica (PSOJ), told last Thursday's ground-breaking ceremony for the new “58HWT” project.

“58HWT”, a new US$30-million ($3.9-billion) project, is an integrated technology campus with 230,000 sq-ft of office space predominantly for Business Process Outsourcing (BPO) operations.

The project will employ between 5,000 and 8,000 Jamaicans, and the facilities will also include a day care centre, ATM and financial services, health care offices, and restaurants. It is slated for full completion in June next year.

The project, which is being developed through a Musson subsidiary, Stanley Motta Limited, is now in its second phase, comprising a four-storey building of 120,000 square feet.

“The idea is to create an environment which is efficient, robust, scalable, and with access to untapped and skilled human resources, creating an environment that can support the existing and future customer requirements of the BPO businesses, while maximising the profitability of the businesses,” said chairman of Stanley Motta, Melanie Subratie.

The development is said to be the largest BPO facility in the English-speaking Caribbean. It will be managed by an American company, Alorica, which oversees 36 call centre operations globally.

The Musson conglomerate will use some of the space for its telecoms business, Transaction E-Pins Limited, which operates the electronic mobile phone top-up credit in Jamaica — selling airtime for both Digicel and FLOW. E-Pins delivers the service to shops and distributors. But most of the facility will be leased to call centre operators.

Other investments by the Musson Group include the development of a new-grain (flour) milling operation (through its Seprod subsidiary); a commodity port at the Port of Kingston, and the purchase of Nestle Jamaica's assets and the continued running of the facilities.

With annual revenues exceeding US$1.6 billion or $200 billion, and thousands of employees, the group has established a strong presence locally and internationally through a series of acquisitions and new businesses. In recent times, the group has also invested more than US$40 million in Jamaica's fledgling sugar industry and US$15 million in the island's dairy sector.

The group has growing investments in consumer goods, distribution and manufacturing businesses — enjoying a distribution platform operating in more than 36 countries in the Caribbean, Central America, Europe, and the Pacific. Beyond that, the group has a large footprint in telecommunications and information technology spanning 14 Latin American and Caribbean countries.

Scott, the current president of the Private Sector Organisation of Jamaica, will be honoured with the Order of Distinction (commander rank) for his contribution to business development in Jamaica and the Caribbean on Heroes Day at King's House.

He was also recently featured in New York City-based digital news publication, Huffington Post, ranked among the island's best-known icons, including track star Usain Bolt, entertainer Sean Paul and businessmen Gordon “Butch” Stewart and Michael Lee-Chin.

— Balford Henry