April 17, 2018
Stationery and Office Supplies Limited (SOS) has advised of the purchase of equipment used to manufacture various types of writing books as well as the brand name SEEK.
“This purchase will allow SOS to enter the manufacturing industry in Jamaica starting with books and a plan to continue to manufacture other stationery products in the future”, SOS states.
The types of machinery purchased included the following:
- Ruling machines
- Gluing Machines
- Stapling Machines
- Book Presses
SOS further states that the total value of the purchase is J$60M and is being financed through a bond with Jamaica National and expects that the total investment including machinery, raw materials and renovations would exceed J$80M. The Company said with this expansion, SOS will be initially employing an additional 25 persons and that production is expected to start during the first week of May 2018.
The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.