Fosrich Company

projects and persons who are reselling, and our stores are open to persons who want to buy our products, in store. So, we are the only company that ‘wraps itself’ around Jamaica.” “Two: we differentiate ourselves by the partnerships that we have developed with some Fortune 500 companies” Foster continues. “For instance, we are the local part- ners for Philips Lighting; we are the local partners for Current, powered by GE; we are the local partners for Siemens Products; and we are also the local partners for Nexans Cables.We represent them, here, and their knowledge base is transferred to our staff.We don’t just have customer service personnel - we have on staff, at least nine electrical and energy engineers.” FosRich has three main divisions: FosRich Elec- trical provides boxes, panels, SWA cables, wires, wiring devices, bulbs, contactors, breakers, switch- es, and similar apparatus, to both retail and commercial customers. “And we are presently expanding into the industrial electrical field with transformers, distribution boards, and switch gears,” says Foster. “We are recruiting engineers and technical persons.” FosRich Lighting World was launched in 2010 to provide local consumers with the option of buying quality and cost-ef- ficient ceiling and standing lighting, out- door lighting, fans and electrical products locally, rather than from abroad. Recently, this division partnered with the Urban Develop- ment Corporation to re-light Sabina Park stadium, FOSRICH COMPANY LTD. Jamaica’s main cricket venue, as part of a US$2.7 million lighting renovation project sponsored by the Government of India and Jamaica’s Tourism Enhancement Fund. The Energy Division, which was launched in 2011, deals in energy-saving lighting options and supplies and installs solar water heaters, solar photovoltaic systems, lighting, LED lighting and induction lighting products. It has a technical staff with expertise in electrical and alternative energy, along with certified, professional engi- neers. The division is able to service residential projects as well as more complex corporate and industrial projects, and also provides services to government entities. It recently partnered with the Jamaica Public Service Company and Philips Lighting on the country’s Smart LED Street Light- ing Replacement project. “They are doing a retro- fit of 140,000 street lights, changing them over to LEDs and making them more modern,” says Foster. “We are part of the first phase that has been completed, and the second phase is now to be rolled out.” Most recently, the Energy Division is looking to expand its footprint in the renewable energy space and has embarked on a hire purchase pro- gram as oil prices trend upwards. The company has seen an increase in requests for the financing of LED retrofits and solar water heaters, and has partnered with a financial services firm to finance the purchase of renewable energy products by commercial entities and individuals. The agree- ment allows businesses to access up to $20 mil- lion for the purchase of a solar system, repayable