Wednesday 12 August, 2020

CAC 2000 ponders expansion of product range

Steven Marston, Chairman, and CEO for CAC 2000 Limited give an update of the past financial year at their recent Annual
General Meeting.

Steven Marston, Chairman, and CEO for CAC 2000 Limited give an update of the past financial year at their recent Annual General Meeting.

Industrial air conditioning company, CAC 2000 is exploring the expansion of its range of products to include energy solutions alongside its line of air conditioning units.

The plan for product expansion is an opportunity the company is now exploring as consumers across Jamaica contest the high cost of electricity amid lowering prices of oil price due to the coronavirus (COVID-19) pandemic. 

“We are working to help our customers measure and understand their energy use profiles to be able to identify and implement energy-saving solutions,” said CAC 2000 Chairman and CEO, Steven Marston.

During the 2018-2019 financial year, CAC endured the greater part of the 18-month road construction works in the Three Miles area. Since March, has been hit with disruption from COVID-19 pandemic.

Despite the uncertainty brought on by the pandemic, with the implementation of curfews and indefinite closure of job sites, Marston and the management team remains optimistic about revenue-generating opportunities soon.

“We are taking the opportunity to revise our strategy, improve our operating effectiveness (resources and technology) and bolster our financial base in order to take advantage of the opportunities that will arise as the economy stabilizes,” Marston told shareholders at company's annual general meeting last month.

CAC 2000 currently has over six months’ work on hand to be executed by their engineering department which will contribute to their revenue generation.

The company will continue to work with suppliers to get new products for better prices/terms while implementing software upgrades to improve their differentiation.

Operations in Barbuda will also continue.

As operations continue to rebuild, CAC is also capitalising on the business to create custom indoor environmental quality solutions for large offices and BPOs and standard solutions for smaller offices.

“As worldwide trends show, COVID-19 is not going away quickly and vaccines are not expected to be generally available before 2021/2022, so we are focused on supporting our customers in providing safe spaces for their customers and employees. We are already established as the indoor environmental quality experts,” Marston said.

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