Red Stripe Jamaica plans to bring production of its beer destined for sale in the United States market back home to Kingston.
This will mean the end of a third-party brewing contract with City Brewing in Pennsylvania, which commenced in 2012.
The local brewer’s new managing director, Ricardo Nuncio, is scheduled to provide particulars on the move at a press conference this morning, accompanied by Finance Minister Dr Peter Phillips.
The company wouldn’t hint at details of today’s announcement, but the finance minister’s presence might speak to the employment tax credit – a provision under the new tax legislation that allows for companies to reduce income tax payable by up to 30 per cent through measures that lead to increased jobs – from which Red Stripe should benefit.
Published in the Gleaner
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