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Mavis Bank to invest US$2.5 million in coffee

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Processor of Jamaican Blue Mountain Coffee, Mavis Bank Coffee Factory (MBCF) will be investing roughly US$2.5 million in operations over the next four years.

Director of Internal Consulting David Martin, in an interview with the Jamaica Observer, said the company will be using the funds to ensure maximum operation efficiency, development of product lines, and cementing its brand name in regional markets to include Florida.

What’s more, the company — which was some five years ago acquired by Jamaica Producers Limited and joint venture partner Pan Jamaican Investment Trust following a six-month negotiation with the Development Bank of Jamaica — is looking to double its active coffee cultivation to 120 acres on its Andover Blue Mountain Coffee Farm and is also eyeing the acquisition of another farm.

Published in the Observer
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