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Pleass Global New Factory In Namosi Nears Completion

Pleass Global Limited’s new factory is nearing completion in Namosi, confirms chairman and managing director Warwick Pleass. The factory, a new production line, more machines and some more vehicles will
02 May 2015 08:43
Pleass Global New Factory In Namosi Nears Completion
Pleass Global Limited’s new factory under construction in Namosi.Photo: WARWICK PLEASS

Pleass Global Limited’s new factory is nearing completion in Namosi, confirms chairman and managing director Warwick Pleass.

The factory, a new production line, more machines and some more vehicles will all amount to about $10 million by the end of the year in terms of investment.

Once the company relocates to the new facilities, this will bring the much-needed additional capacity that constrains them in their present facilities.

Mr Pleass has labelled this as their most capital intensive investment period in their history and all their people are excited at the move.

“The factory structure has risen from the earth and is an imposing presence in the rainforests of Namosi, only 30 minutes from Suva,” he said.

“Handover has been delayed given weather in the period but we expect completion in the second half of 2015.

“This investment in building and plant is the single biggest investment ever for the company and is being planned and managed in great detail.

“Relocation and the new facilities will allow us to increase production, develop new products and for new markets and enhance the work environment for our people.”

This major investment is expected to add approximately 30 additional jobs over the next 18 months.

Selection for jobs will be prioritised from Deuba to Wainadoi corridor first provided there is a qualified applicant, Mr Pleass said.

Outlook

Looking at the financial performance, Mr Pleass said this year will be a milestone for Pleass Global Limited.

“The company did well in 2014 and I am certain 2015 will be even better,” he said.

Revenue in 2014 financial year grew by 19 per cent to $7.9 million and gross profit of $688,000 was recorded with export growth as a major contributor.

“The improved results are from many initiatives by the company management,” Mr Pleass said.

“But if we have to only name one, we have exports to thank for much of our improved performance. This will only strengthen in 2015.

“Many years of product development are starting to yield results for the company.

“I am pleased with the 2014 results as they are such an improvement. We strive for this so our team are focussed on growing sales and profit for next year now.

“With two new products designed for export markets being launched this month, we believe sales growth in 2015 will be just as good or better than 2014.

“Exports are crucial to our business. We have exports to thank for much of our performance and this will only strengthen in 2015.”

Feedback:  rachnal@fijisun.com.fj

 



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