JICA-backed loan funds Carib Glassworks furnace rebuild in Trinidad
ANSA McAL and its beverage unit Caribbean Development Company have signed a USD 50m loan with IDB Invest, funded by Japan's JICA, to upgrade beverage production and rebuild the furnace at glass bottle supplier Carib Glassworks. The agreement, signed 17 July 2026 and announced 15 October 2026, is part of a wider financing framework of up to USD 500m for the ANSA McAL Group, which already includes a USD 200m commitment from international partners.
Why this mattersDevelopment-bank funding for a furnace rebuild keeps glass bottle production in Trinidad tied to ANSA McAL's own brewing and beverage operations.
- USD 50m loan signed under the JICA-funded TADAC trust fund via IDB Invest
- Agreement signed 17 July 2026, announced 15 October 2026
- Funds furnace reconstruction at Carib Glassworks, which supplies glass bottles to Caribbean Development Company
- Also funds equipment upgrades in brewing, packaging and logistics at Caribbean Development Company
- Forms part of a wider financing framework of up to USD 500m for the ANSA McAL Group
- Includes working capital for importing production materials
Sources
caribbeannewspoint.com