Designs by Marc Limited plans to expand its Kingston facility to suit the demand which has been directed to the 21-year old Jamaican company in the manufacturing sector. The investment intended will employ up to 30 more persons to its current complement of 100.
While that investment is important to the company they also have plans to secure new equipment and set up a state-of-the-art cutting facility to enhance the business to be able to stay on the cutting edge.
The company’s clientele is largely local but supplies heavily to the Tourism linkage industry, qualifying them as an exporter, thus eligible for loan facilities from the EXIM Bank of Jamaica. They have been a client for just over ten years.
Securing of raw material is critical to a company in the manufacturing industry, specifically the textile industry. That is what Designs by Marc is suggesting; and to be able to afford financing to secure this raw material for business to turn over at a fast rate makes life much easier.
"The equipment at the Kingston facility is among the most current, but there is always room for newer models. We hope within the next year to expand this facility not just for newer equipment, but also to provide storage of raw material," added Frankson.
"Coming back to EXIM Bank was easy, because the loan process was fairly simple," said Marc-Maurice Frankson. He added that "the Bank has been very helpful over the years and we feel secure with them as partners."
The company supplies top of the line uniform to small, medium and large companies across the island and would always be willing to secure more companies to its already loyal list. The manufacturing company employs approximately 100 people, with more than 80 per cent in Kingston, while a small plant exists in St. Mary.
A senior employee at the company suggests "our delivery is on par, our quality is top-of-the-line and we avoid the risks as much as possible, to satisfy the needs of our customers. What has helped our ability to deliver is the loan facility provided by the EXIM Bank to ensure we get material way before time to meet the demands of the market."
Designs by Marc underscores the value of attending trade shows and has gotten great leads from local shows like Expo Jamaica; but attends shows overseas to focus on new ideas, look at new equipment and machinery to "stay ahead of the game."
New and Improved Technology
Some improvements the company will make in the near future include acquisition of new and improved technology to build the capacity to cater to more customers locally and to reach out in a more serious way to Caribbean and even international customers. "So far we have been able to fulfill the demand we have and we are proud to be able to deliver on or before time and taking a serious look at diversifying its services to customers," says Marc Frankson.
"We are thankful for the service from the EXIM Bank and we look forward to doing even more business with the Bank," says Frankson.
Designs by Marc as part of its mass production does its own cutting, sewing, embroidery, packing and sophisticated packaging.
"We have experienced steady growth over the last ten years, and it has been largely facilitated by the loyalty of our customers. We are sure with our record of performance; we will grow consistently for the next five to ten years. With efficient financing with partners like EXIM Bank, we anticipate we will be able to improve."
Charles Lewis, Chief Officer, Credit indicated that "in a declining local garment industry where companies are faced with several challenges the credit facilities which Designs by Marc has accessed, helps them to remain competitive and relevant."