A report has been circulating that KOSCAB (St Kitts and Nevis) Limited, formerly the St Kitts Bottling Company, has closed its production line.
According to a source some 15 line workers have been made redundant.
The company bottled Sparke drinks and ACQUAVita water.
In December 2016, some 30 employees were made redundant when KOSCAB (St Kitts and Nevis) Limited bought the St Kitts Bottling Company from the St Kitts-Nevis and Anguilla Trading and Development Company (TDC). The St Kitts Bottling Company was established in 1954.
In June 2018, the regional media reported that the Barbados Bottling Company Limited (BBC) was purchased by Coca-Cola bottling partner, KOSCAB Distribution (Barbados) Limited.
Under the new business operation, BBC retained its name and bottling rights to produce Coca-Cola and its affiliated brands.
KOSCAB managing director Carlos Diaz explained that the Coca-Cola Company had initiated changes to its business model in the Latin Centre Business Unit, which includes Barbados and other important areas in the region.
“The result is bottler consolidation in the southern Caribbean with KOSCAB Holdings Ltd, the parent company of KOSCAB Distribution (Barbados) Ltd, currently leading bottling and distribution operations in Grenada, St Kitts, St Vincent, Antigua and Barbados,” he said.
The reported closure seems to give credence to claims of a dipping economy in St. Kitts and Nevis and an ECLAC report that refutes the local government’s claims of being the top economy in the region.