1) FACTORIES CORPORATION OF JAMAICA LTD
Report on Trade in Metal
January - July 2014
The Trade in Metal continues to be a major contributor to the Jamaican
economy. This it does by way of the creation of jobs at different levels requiring
an array of skill sets and the earning of significant levels of foreign exchange.
Our records show that since the restart of the trade in January 2013, 600 direct
and approximately 2000 indirect jobs have been created. Our records further
reveal that, as at July 2014, the country exported 105,736 metric tons of metal
valued at approximately US$30.2M.
 Classification of Persons directly engaged in the Trade
Category
Total
Carriers
123
Dealers
125
General Exporters
19
Industrial Exporters
3
 Scrap Metal Exports as at July 2014
Category
Number of Containers
Total
5,090
Total Tonnage (Metric
Tons)
FOB (US $)
105,736
30.2M
2) In addition to the benefits mentioned above, the economic activity generated
by the trade in metal has had a direct beneficial impact on several sectors in the
commercial fabric of society including financial institutions, shipping lines,
trucking, logistics, operations, and the man in the street. Indeed, the scrap
metal trade represents the majority of export volumes going through the
Kingston Container Terminal (KCT). What is clearly evident, however, is the
fact that we are no longer at the stage of a few short years ago when the sector
was characterized by lawlessness, lax oversight and the daily report of vital
infrastructure being stolen and vandalized.
The Corporation continues to facilitate the trade with tight technological and
mechanical monitoring, surveillance with significant collaborative support from
all stakeholders.
Theft of Material
For the period January- July 2014, there were nine (9) reports of alleged theft
of materials from several locations. The reported value to date is US$3,500.00
and consists mostly of metal aluminum. We must highlight that although
several reports have been made, the information presented is often incomplete.
In fact only one entity has indicated a value for the items stolen during that
period.
Notwithstanding the deficiencies, we continue to work with those from whom
complaints are received utilizing the mechanisms developed to deal with
suspected theft as outlined below.
Once a report of theft is made to the Ministry and it is brought to the attention
of FCJ, communication is made to all staff members at the locations making
them aware of the reports. Through the joint efforts of FCJ, the Police and the
Trade Board, an ‘alarm’ is triggered at the locations and the staff immediately
begins to look out for these items to ensure that they are not processed for
export.
3) For the 1st Quarter of the Financial Year (April – June 2014), exporter
container information for the trade is as follows:
Exporter
Paramount Scrap
David Scrap
CM Recycling
Valiant Trading
Kurbriton Ltd
Issons Sales and
Services
BASMAG
St. Catherine Metals
Met Jamco
Sai Supreme
International
Rambo Scrap
Ahsats
Swathi Impex
Jamaica Metals
Chand Finance
JPS Co. Ltd
Noranda Jamaica
Fearon & Davis
Hamilton Demolition
Pan Caribbean Sugar
Total
April '14
May'14
June'14
Total
Scrap Fees
0
1702.29
5065.17
962.66
4562.40
567.60
$$ 2,553,435.00
$ 7,597,761.00
$ 1,443,990.00
$ 6,843,600.00
$ 851,400.00
549.68
321.40
1113.11
870.15
$ 824,520.00
$ 482,100.00
$ 1,669,665.00
$ 1,305,225.00
846.22
767.51
1035.00
112.68
390.06
154.94
166.562
1263.71
126.24
426.84
21,004.23
$ 1,269,330.00
$ 1,151,265.00
$ 1,552,500.00
$ 169,020.00
$ 585,090.00
$ 232,410.00
$ 249,843.00
$ 1,895,565.00
$ 189,360.00
$ 640,260.00
$31,506,339.00
334
699.484
358.16
1493.08
202.24
655.38
2231.42
522.81
1805.42
95.66
712.91
2134.27
81.69
1263.9
269.7
181.77
168.76
321.4
312.46
364.45
199.15
396.44
211.25
350.76
212.67
183.11
468.65
36.49
48.17
86.638
423.94
126.24
164.74
106.77
440.85
173
237.11
373.15
215.59
112.68
112
188.83
79.924
186.04
5,275.91
8,157.69
359.8
332.7
653.73
426.84
7,570.63
