Chief Executive Officer of Caribbean Container Inc (CCI) Patricia Bacchus has attributed the indifferent performance of the company during the first six months of 2014 to a range of factors some of which she said were outside of the company’s control.
At the weekend CCI published its unaudited report which Bacchus, who is also acting Board Chairman, said reflected an “unprecedented decline in sales of marine packaging on local and regional markets” which resulted in a “significant sales shortfall.” She said that this was indicative of the local fishing sector’s decline, which was recorded at 25.5% below the same period last year.
According to the CEO, CCI’s sluggish performance was compounded by a decline in the “order trend” for packaging for the local food, beverage and alcohol sectors, a development which she