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Jamaica Packaging Industries commissioned a new 74,000 sq ft factory at 693 Spanish Town Road, Kingston, consolidating its operations on one site and expected to nearly triple output. A US$8 million Scotiabank Jamaica loan financed new machinery, and the property investment was about US$5 million.
“Backed by a big bank loan, Jamaica Packaging Industries Limited has upgraded its machinery and moved into new operating space that could see the company tripling its output.”stabroeknews.com
Summarized from public sources; check the original articles before acting on it.