Business View Caribbean | February 2021

43 BUSINESS VIEW CARIBBEAN FEBRUARY 2021 www.scaffmantt.com (868)636-2457 | info@scaffmantt.com Your Partner in Scaffolding The largest Scaffolding company in the Caribbean with 47 years of experience. Proud member of these organizations: SMTL Scaffold Training Centre The only Accredited CISRS Scaffolding Training Centre in the Western Hemisphere. Call: (868)636-2457 or (868)376-1613 Email: trainingcoordinator.scaffmantt@gmail.com A STOW CERTIFIED COMPANY SALES • RENTAL • RIGGING Cuplok • Tubular • H-Frames • Shrink Wrapping Temporary bleachers • Fibreglass scaffolding PHOENI X PARK GAS PROCESSORS L IMI TED competitive. “We will see more consolidation in the energy industry as major players seek more profitable niches and who best to partner with,” he predicts. “We’re also going to see an increased focus not only on price maximization but also how to achieve a cost structure that functions at a crude oil price of sub 50 dollars per barrel.” For Phoenix Park, these changes in the energy sector mean the company must also keep pace with the market, and it has a plan on how to do so. “We plan to continue expanding and growing along our value chain,” says Rampersad. “While we have focused on operating in Trinidad and Tobago over the years, we are now looking at expanding and creating a value chain within North America and linking that value chain back to the Caribbean.” This refers to the Twin Eagle acquisition. Complimenting that strategy will be a continued prioritization of cost optimization and efficiency with a significant focus on using technology as a key enabler. “As artificial intelligence and digitization continue to drive improvements and efficiencies and create value across all industries,” avers Rampersad, “we at Phoenix Park will continue building on the already significant investments that we have made over the years.” In so doing, Rampersad believes the company can significantly strengthen its competitive position in regional and international markets. He adds, “As we advance, we plan to offer customers a competitively priced product, while still generating an adequate margin that keeps our shareholders happy with the business’s rate of return.”