Robust growth at Preconco

 

Authorities at Preconco Limited (PCL) are upbeat about the company’s prospects this year after posting a strong performance in 2017.

Operations Manager of the local precast company Joshua Read said the highpoint for the company last year was the near 15 per cent rise in employment that resulted from PCL’s involvement in several local and regional projects.

“In many cases what was temporary employment (as a result of those projects) turned into full-time employment. Throughout the year we would have seen close to a 15 per cent increase in our staff complement and it was as a result of the opportunities, which came to us after many years of going after and looking for the work. It was something we had to fight hard to get,” Read said in a statement.

The Preconco boss was also satisfied that the company was able to maintain its prices in the face of a tough economic environment.

Read explained that the company made critical internal changes and partnered with suppliers to achieve this.

“In 2017 we worked very closely with our suppliers to come up with solutions which allowed us to keep our prices stable, with no price increase throughout the year. We’re very proud of that because it is value added to our clients and that’s what we’re here to do. We want to continue that same trend in 2018 and find ways of becoming more efficient in what we’re doing- to provide a valued product and a valued service.”

Read is confident that the company is poised for further expansion this year as it continues to go after business at the local and regional levels.

“We’re developing new products and technologies, and growing regionally, as well as working on many opportunities with hotels, commercial and industrial buildings and housing projects in Barbados and around the Caribbean,” he said.

 

10 Responses to Robust growth at Preconco

  1. Saga Boy February 11, 2018 at 5:54 pm

    This is good news. If the private sector aggressively pursued a growth path and paid their taxes it would go a long way in getting us out of this hole. Congrats to Preconco.

    Reply
  2. Kevin February 11, 2018 at 11:52 pm

    Great news.

    Reply
  3. David Hall February 12, 2018 at 8:17 am

    Considering that the company in question has landed a significant number of Government contracts, that indeed is great news. And it say keep it up. Does however seem similar to the situation with Sandals and Cost-u-less being able to make more profits as they were not required to pay the same level of taxes and duties as their counterparts.

    Reply
  4. Helicopter(8P) February 12, 2018 at 10:16 am

    Wishing the Preconco establishment the best of prosperity for the future of the Barbados business environment and quality of life.

    Reply
  5. Carson C. Cadogan February 12, 2018 at 11:25 am

    “”Authorities at Preconco Limited (PCL) are upbeat about the company’s prospects this year after posting a strong performance in 2017.”””

    Barbados Today this cant be true.

    MIA AMOR MOTTLEY, CHARLES HERBERT, THE BARBADOS LABOUR PARTY they all told us that 2017 was the WORST year ever for Barbados.

    How is it that every company , including Goddards, did EXTREMELY well for 2017???

    WHY ARE THESE PEOPLE TELLING SO MANY BOLD FACE LIES????

    The facts are contradicting them!!!!!

    When are you going to point this out to them Barbados Today?????

    Reply
  6. David Brathwaite February 12, 2018 at 1:48 pm

    Carson, ever heard of income redistribution?

    Reply
  7. Harry February 12, 2018 at 2:45 pm

    Carson, 75% of Goddards profit is made outside of Barbados due to the foresight and business acumen of Joe Goddard and his team. Preconco also has a strong export business while of course enjoying an unparalleled level of Govt business – it is a pity that you are so blindly politically affiliated that it prevents you from understanding certain things.

    Reply
  8. Saga Boy February 12, 2018 at 4:39 pm

    Carson Inagree with you. The retail companies including Massy made profits and so did the banks and insurance companies. The only entities not making money was gov. How many companies closed in the last few years. The Opposition is spreading a lot of falsehood.

    Reply
  9. Anthony February 12, 2018 at 7:41 pm

    Who are these idiots posting this nonsense? If this entity owned by Mark Maloney continues to get over 1 billion $ of Government contracts why would it not be profitable and growing?

    Only a yardfowl political stool pigeon blinded by Party ignorance would not see or chooses not to.

    Reply
  10. Harry February 12, 2018 at 9:54 pm

    The only entity not making money is Govt, that shows a deep and comprehensive understanding of our situation.

    Reply

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