Trinidadian-based conglomerate Neal and Massy Holdings Limited’s Energy and Industrial Gases Business Unit is pursuing investment opportunities in Guyana.
President and Chief Executive Officer of the Group, E. Gervase Warner, said in the company’s 2011 Annual Report that the energy and industrial gases investment projects unit is contemplating a number of investments in downstream industries, as well as further acquisitions in the energy services field, and exploring opportunities for its services companies in Africa. Similar opportunities will also be pursued in neighbouring Suriname, he said.
“The Energy and Industrial Gases and Information Technology and Communications Business Units will make up the Strategic Investments Portfolio. This portfolio will host groups of businesses for which Neal and Massy has developed strategic growth plans,” Warner indicated.
The Group has specific strategies for diversifying its Energy and Industrial Gas investments to downstream projects, additional energy services and additional geographies. The Group also has specific plans to grow its ITC investments by pursuing projects which will allow it to establish a substantive presence in the managed services sector, and by expanding its service offerings locally and internationally.
During the course of 2011, the Group pursued several strategic initiatives, some of which have begun to bear fruit, while others are in very early stages of development. These include; rollout of the new Neal and Massy Vision: A Force for Good – The Most Responsible and Profitable Investment Holding/Management Company in the Caribbean Basin, customer service Improvement, energy and industrial gases investment projects, geographic and retail expansion and executive development and recruiting, he said.