FOSRICH Company Limited is eyeing supply contracts under the Government’s National Reconstruction and Resilience Authority (NaRRA), banking on housing, infrastructure and hurricane recovery projects to help reverse a sharp decline in revenue.

Speaking to the Jamaica Observer following the company’s annual general meeting this week, Managing Director Cecil Foster said the company is already in discussions with stakeholders and is looking to capture a slice of the billions earmarked for spending when activities roll out next year.

“We are at the table with them already and we will be meeting with representatives in the coming weeks to explore supply opportunities,” Foster said, while noting that even a small share of the authority’s anticipated spending will generate significant business for Fosrich.

The company is targeting opportunities linked to the Government’s proposed roofing assistance, modular housing, and other building programmes. Its locally manufactured Solid Ground water and sewer pipes are expected to form part of its pitch for infrastructure projects, alongside its core electrical products and renewable energy solutions. Products from its Bayside Supersaver Hardware in Montego Bay, such as zinc, nails, plyboard, and other building materials, will also form an important part of its supply offering.

“We want to be in the reconstruction that is taking place in the West and beyond, and so we’re looking for even 0.1 per cent of what NaRRA is going to spend — that’s a lot of money,” Foster noted.

Established to manage key post-disaster recovery and major infrastructure projects across the island, NaRRA, in its first execution, is expected to spearhead the construction of 100 homes in Luana, St Elizabeth, for residents affected by Hurricane Melissa. As Fosrich looks to supply products for this and other upcoming projects, the company is seeking to capitalise on opportunities in electrical installations, lighting, piping, and other infrastructure developments.

Fosrich’s aggressive push comes as the business battles a steep deterioration in its financial performance. For the six months ended June 2026, revenue fell 49 per cent to $812.34 million, down from $1.59 billion a year earlier, while losses more than doubled to over $444 million from $189.56 million. Under a sweeping turnaround plan, the company has however moved to address these shortfalls by cutting costs, pursuing debt restructuring, and seeking to unlock cash from selected assets to finance inventory purchases and support growth.

Over the last three months, Foster said the company has reduced annualised costs by more than $260 million through branch closures, contract terminations, salary adjustments, and tighter expense controls. The company closed outlets at Millennium Mall in Clarendon and Old Harbour while rationalising its operations to prioritise customer-facing activities. The company is also working with major suppliers to maintain product availability while pursuing financing arrangements.

Foster expects the funding and restructuring measures to put the business on firmer footing in the coming months.

Outside of NaRRA, Fosrich is pursuing similar supply arrangements with private developers, including a planned 627-unit housing development by its related company, BC Dundee Company, in Trelawny — where construction is expected to begin next year. The project will comprise town houses, apartments, and one-, two-, and three-bedroom homes.

While an independent contractor will manage the development, Fosrich expects to supply electrical products, piping, solar installations, and street lighting.

“We are looking forward to partnering with this private development and we are also doing the same thing with many more developments — trying to start with them from day one as we lock into more supplier partnerships,” Foster said.

Fosrich is currently working to broaden its role as an integrated electrical, energy, and infrastructure solutions provider, with electrical distribution remaining central to the business while solar products, energy-efficient switches, protection systems, and smart controls provide additional growth opportunities.

However, the company’s ability to capitalise on the expected construction rebound will largely depend on how quickly it resolves its funding constraints and replenishes inventory.

Foster said that as management moves closer to completing key elements of the turnaround plan, he remains confident that the company’s performance will improve.

“If we get the challenges that we are facing now behind us, three months after that the company will start to move in an unbelievable upward direction,” he told shareholders.