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Media Brief: CPL IS POSITIVE AND BULLISH FOR THE COMING YEAR OF 2016 – CHAIRMAN MAHESH PATEL
Despite all the doom and gloom about the world commodity prices, the El Niño etc, CPL (as usual) is surging ahead with its expansion plans and growth in the country and is confident about PNG, and has faith in the country and its people.
The last couple of years have been tough, and we will experience a very tough year this year, but we look at the almost 30 year spread of CPL’s existence (I personally will mark my 32 years in PNG!) and there always has been, and will be ups and downs in the market place. One needs solid business principals in place to go through the waves.
We embarked on a transformation plan in 2015 to solidify our business foundations and processes and this will pay dividends in the coming years. Our management team and team members are set in place to launch the next phase of growth in PNG.
We will still keep creating employment opportunities and growing our people from within.
We expect to employ an additional 350 to 400 people in 2016 alone!
Most of these will come from :
– Two (2) additional (old SVS) supermarkets in Port Moresby
– A possible 3rd Jacks of PNG outlet in Lae
– A possible duty paid Prouds store (like the Prouds Duty Free store at the international airport), so non- travelers can get access to the large range of cosmetics, fragrances and jewelry in a normal shopping environment
– Our 3rd pharmacy in Mount Hagen has already opened
– A reopening of Stop N Shop Waigani Central
– Additional pharmacy outlets in the outstations in 2016
With all this growth our group turnover will surpass k600 million in 2016 (an increase of almost 25%!)
With all this growth, it also allows us to keep surging ahead with our community-based programmes which gets bigger as our business grows, like the Pride of PNG for women’s empowerment, Women In Leadership Programme run internally for our staff, various sporting sponsorships, a continuing assistance to Buk Bilong Pikinini and the Financial Literacy Programmes run in the village settlements of Port Moresby and Lae.
By: MAHESH PATEL, OBE
/ CPL Group’s Marketing and PR Department