Thursday 2 July, 2020

AMG Packaging puts protective measures in place to operate under COVID

AMG Packaging manufactures cardboard boxes from its location at 10 Retirement Crescent in Kingston.

AMG Packaging manufactures cardboard boxes from its location at 10 Retirement Crescent in Kingston.

AMG Packaging Limited says it is prepared for expanded interface with the public during the coronavirus (COVID-19) pandemic. 

In comments attached to AMG Packaging’s second-quarter financial results, Managing Director George Hugh said, “AMG has met with the Ministry of Health (MOH) to ensure that all protective procedures are in place due to the COVID-19 pandemic.”

He said the company has set up “numerous measures to ensure the staff and customers are well protected.”

AMG Packaging manufactures cardboard boxes from its location at 10 Retirement Crescent in Kingston.

As of June 1, the Government of Jamaica has lifted its work-from-home requirement for companies, stating that some workers can now return to operating from the workplace.

The box maker reported net profits of $6.32 million for the three months ending February 2020 compared to $5.54 million in the corresponding period of 2019. 

Revenue for the quarter ended February 2020 was $171.21 compared to $173.77 for the comparative quarter in 2019. 

Earlier this year, the AMG Packaging said it would proceed with the construction of a new factory, having received approval from the Kingston and St Andrew Municipal Corporation (KSAMC).

Land for the building was acquired at 12 Retirement Crescent, Kingston 5.

The new facility will be an expansion to AMG Packaging's current base. It is the former home of Action Chemical and Equipment, a manufacturer of specialty chemicals for more than 20 years.

Funding for the project was reportedly secured from Proven Wealth Limited.

AMG previously said it would also be investing in new equipment that will assist with production speed and factory efficiency.

AMG's decision to expand its box making operation came after shuttering its loss-making toilet paper business.

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