Over 100 years of operating in the oil and gas industry enabled Trinidad & Tobago (T&T) to develop the requisite infrastructure of a manufacturing hub in the English-speaking Caribbean. A concentration in food and beverage, chemical/non-metallic minerals and assembly-type industries stimulated the growth of large clusters in these areas.
1stin the Caribbean for overall infrastructure
2major international ports
63Over 63 shipping lines use ports in T&T
3rdhighest container port throughput in the English-speaking Caribbean
53.6Kpersons employed equivalent to approx. 8.3% of the total labour force.
T&T’s manufacturing industry includes 7 distinct sub-industries.
Food, Beverages and Tobacco - the largest sub-industry, includes the production of alcoholic and carbonated beverages, juices, cereals, chocolate, confectionery, canned foods, baked goods and tobacco products.
Source: Review of the Economy 2016 – Ministry of Finance, Trinidad and Tobago
Food, Beverages and Tobacco
Textiles, Garments& Footwear
Printing, Publishing etc.
Wood and Related Products
Chemicals &Non-Metallic Minerals
Assembly Type and Related Industries
Products made in Trinidad and Tobago are commonplace on the shelves of households throughout CARICOM and are also available in territories with which trade agreements exist.
The manufacturing sector in Trinidad and Tobago benefits from Low Energy Costs, Skilled Labour, Customs Duty Exemptions, and Developmental Grants for Research and Development.
Located to the north-east of Venezuela, Trinidad lies 11km, at its closest point, from the South American mainland, and approximately 19 km off the international shipping lanes to the USA and Europe. The country provides an ideal geographical location for importing raw materials from South American countries for processing and exportation. Its location below the hurricane belt also provides a safe haven that minimizes operational downtime during the annual hurricane season.
T&T is a member of the CARICOM Customs Union which gives it market access to 17 million people located among 15 member nations of CARICOM. CARICOM has also signed several bilateral trade agreements with various nations and entities, through which manufacturers located in T&T market have access to a global export market of approximately 965 million people.
T&T has two separate ports that handle international containerized cargo, as well as other types of cargo such as dry and liquid bulk and RORO carriers. These ports are located in the capital, Port of Spain, and the Point Lisas Industrial Estate.
In 2016, Port of Spain had the 3rd highest container port throughput in the English speaking Caribbean. Shipping lines with regular service to the ports at Port of Spain and Point Lisas include Maersk Line, Mediterranean Shipping Company (MSC), CMA CGM Group, Hapag-Lloyd, Cosco, Zim, Bernuth and Hamburg Sud. Inclusive of these, over 63 shipping lines use ports in Trinidad and Tobago transporting containerized cargo to and from the USA, Europe, UK and the Far East.
Downstream energy commodities produced in significant quantities in T&T include urea, melamine, bitumen and asphalt. The country’s location also offers easy access to mineral rich South American countries including Colombia, Venezuela, Guyana, Suriname and Brazil.
T&T is 1st for cost effectiveness in Central America and the Caribbean. Electricity rates start as low as US $0.03 kWh, offering investors access to some of the lowest energy costs in the Western Hemisphere.
In 2014 T&T had a workforce of approximately 649,100 persons of whom 56,500 are in manufacturing industries. The country's workforce speaks English as a native tongue and there is a high competency of Spanish as the country is only 11km off the coast of South America.
T&T has an attractive policy for tertiary education and this has led to approximately 7,000 tertiary level graduates across a wide range of disciplines. Manufacturing industries benefit from skilled labour trained in Mechanical, Chemical, Instrumentation and Process Engineering, Management Studies and IT related disciplines.
Businesses in the Manufacturing sub-industries utilize a significant majority of approximately 35km2 allocated for industrial and business development in T&T through its state owned industrial parks. Currently, 19 industrial parks provide ready facilities to the 250+ local manufacturing companies throughout the country. An additional estimated 5.3 km2 of leasable land is currently available through state owned enterprises e TecK, e-idcot and the AATT.
Cove Eco Industrial and Business ParkLocated in Tobago the Cove provides 0.56 Sq.km of developed land lots
Tamana InTech ParkManaged by e TecK. Tamana provides 4.5 Sq.km of leasable real estate.
Piarco AeroparkManaged by by the Airports Authority of Trinidad and Tobago this Park offers 0.7 Sq.km of prime real estate just a stone's throw away from the Piarco International Airport.
Trinidad and Tobago possesses the manufacturing capabilities, business environment and logistical advantages to be a regional hub for OEM battery manufacturing and assembly within the Lithium-ion segment. There is an opportunity for an investor to design, build and operate a battery manufacturing and/or assembly plant in Trinidad and Tobago focusing on the pack and module production stage and where the majority of production will be exported internationally.Download Opportunity
A survey od scrap dealers indicated that the country's annual production of aluminium scrap is 6,240 tonnes, collected through twenty six (26) companies across the country
Regionally aluminium can be sourced with current estimates of 35-50 tonnes monthly due to an ban on scrap exports by the Governments of Jamaica, Guyana and the Bahamas. These Governments may reconsider exports of scrap to niche markets.Download Opportunity
An investor can engage in the design, build and operation of a facility within Trinidad and Tobago at the investor's choice of one of three recommended sites. The facility can operate as a film studio serving the motion picture (films), TV and Animation segments and which derive revenue streams from (but not limited to), the following customers:
China currently dominates the global LED market, however Trinidad and Tobago offers an opportunity for the location of an LED manufacturing operation.
Individual or integrated operations for making the LED Package and/or the Bulk Materials may be established with the advantage of close proximity to major markets such as the United States and Central and South America.Download Opportunity