CCI’s paper recycling plant permanently closed

Manufacturing paper at the CCI East Bank plant

Caribbean Container Inc (CCI) has disclosed in its recently released 2021 Annual Report that despite a harrowing operating year in 2021, the company’s operations nonetheless recorded a gross profit of $445 million, a 1.7 per cent increase on its gross returns for 2020.

The company’s gross profit disclosure, however, was tempered by the seemingly more significant announcement contained in the report that the company’s paper recycling plant, which the company had said, in 2017, would have been closed for three years, would not now be re-opened. This means that it will, henceforth, be relying entirely on imported paper to support its operations.