-Minister Harmon says during visit to KSM Investments Limited

MINISTER of State, Mr. Joseph Harmon on Monday visited KSM Investments Limited, a company that produces concrete products at Good Hope, East Coast Demerara, where he reiterated the Government of Guyana’s commitment to supporting local manufacturing companies.

“The Government embraces companies that manufacture things in Guyana; companies that employ Guyanese, companies that promote the Guyana brand, companies that establish and insist on value for money… This is where revenue is generated for our country,” he said.

The minister said that be believes in the utilisation of high-quality products, particularly when it comes to infrastructural development, and other public sector projects are critically important. “While at the level of Government we are spending monies on public infrastructure, if it is not done properly the people of the country are short-changed… I want to encourage you to continue the work the country is doing,” Minister Harmon said.

Meanwhile, KSM’s Chief Executive Officer Mr. Mahadeo Panchu said that his company is willing to assist the government by organising a seminar for engineers and officials from government agencies and even Neighbourhood Democratic Councils (NDCs), to share with them their technical expertise and the benefits of advanced technology in the construction sector.

KSM officially commenced operations in November 2015. Mr. Panchu explained, “We could have taken our money and go live somewhere but this is our home, this is where we belong and this is where we are going to stay to assist in the building of our country…
“We are here to help our government; we can manufacture, we can supply, we can install… we want to see modernisation come to our country,” he said.

KSM’s Business Consultant Mr. Roger Duff said that the construction industry is known to kick start modernisation and investment in any country. “When a construction industry embraces technology the way KSM embraces technology, it invariably pushes the rest of the country upwards from the technologically advanced standpoint,” he said.

KSM has become famous for its rock solid hollow blocks, duraLast vent blocks and everlast pavers, which are available in a variety of designs and colours. As of December last year, the company’s total investment was estimated at some $800M.

(Ministry of the Presidency)