Gary Peart, CEO of Mayberry Investments Limited (MIL) (left), and John Mahfood, CEO of Jamaican Teas Limited (JTL) yesterday discussing the productive capacity of one of the machines at JTL’s 10,000-square-foot factory, located on Norman Road in Kingston.

Peart said Jamaican Teas is currently operating at 40 per cent capacity — producing 100 million tea bags per year — partly because of the space constraints.

An initial public offering of shares in Jamaican Teas is to be made as soon as the prospectus is approved by the Jamaica Stock Exchange. Jamaica Teas plans to use part of the $100 million it hopes to raise through the IPO to expand the facility.

JTL marketing manager, Charles Barrett, shows a collection of samples of the teas produced by the company.

JTL boasts 40 different types of teas that the manufacturer distributes locally and exports to over 20 countries within the Caribbean and North America.

MIL is the brokerage house in charge of JTL’s initial public offer and listing on the Junior Jamaica Stock Exchange. (Photos: Garfield Robinson)