Lenstec (Barbados) Inc.
Lenstec Inc., a manufacturer of medical devices for ophthalmic surgery, has offices in Florida and the United Kingdom, as well as a 30,000 square foot manufacturing facility in Barbados. Manufacturing in Barbados allows Lenstec to develop and manufacture high quality products closer to their target markets, where standards could be more closely monitored and shipping done efficiently.
The company currently distributes its products in more than 50 countries and, to date has three U.S. Food and Drug Administration (FDA) approved lenses being sold in the United States. “When selling to certain territories, the distinction of being located in Barbados proved advantageous and a business distinguisher for international markets trying to discern the quality and caliber of our product. Especially when selling to European markets, and now the U.S., the value of our product can be seen as higher when compared to similarly manufactured products sourced internationally.” (Ian Hickling – President of Manufacturing, Lenstec Corporation)
Gildan is a leading supplier of quality branded basic family apparel, including T-shirts, fleece, sport shirts, socks and underwear. The Company sells its products under a diversified portfolio of company-owned brands, including the Gildan®, Gold Toe® and Anvil® brands and brand extensions, as well as under licensing arrangements for the Under Armour®, Mossy Oak® and New Balance® brands. The Company distributes its products in printwear markets in the U.S. and Canada, where Gildan® is the industry-leading brand, and the Company is increasing its penetration in international printwear markets. The Company is also one of the largest suppliers of branded athletic, casual and dress socks for a broad spectrum of retailers in the U.S. The Company is also developing Gildan® as a consumer brand for underwear and activewear.
JLT Insurance Management (Barbados) Ltd
We at JLT Insurance Management (Barbados) Ltd believe that the focused approach on promotion and marketing of International Financial Services by an entity like Invest Barbados, is not only necessary but critical to the growth and prosperity of Barbados as a jurisdiction of choice for firms seeking a stable, reputable location to conduct international business.
The Towner Management Group (TMG) was formed in Barbados in 1991 as a manager of international insurance companies.
It existed as an independent, full-service captive and international insurance manager that is also the largest manager of international structures in Barbados.
TMG’s capabilities were later extended to include offices in Vermont and New York, along with regulatory approval to operate in Arizona, South Carolina, Utah, Vermont and Washington D.C. in the U.S. and Anguilla in the Caribbean.
Effective May 3, 2012, TMG sold its Barbados-based business and operations to the Jardine Lloyd Thompson Group PLC (JLT) and was rebranded as JLT Towner. It subsequently changed its name to JLT Insurance Management (Barbados) Ltd.
KM2 Solutions provides value to our clients by delivering reliable, effective Call Centre solutions that support Financial Services, Telecommunications Marketing and Media from four Centres in the Caribbean and Central America.
KM2 Solutions, located in the Harbour Industrial Park, St. Michael, established its presence in Barbados in 2007. Our company was attracted by the urban environment, financial stability, tax advantages to corporations, telecommunications infrastructure and, of course, the innate customer service skills offered by the labour pool available on the island.
Barbados' government promotion agencies are excellent partners, enabling business ventures to be successful. They make great facilities available, assist with accessing workplace equipment and materials, contribute to the education and training of employees, and come to the planning table with sound, facilitative ideas.
Any company’s success can be measured by the contribution of its employees, and KM2 is no exception. Barbados offers well educated, English speaking Call Centre agents with neutral accents.
TT Electronics Ltd.
TT Electronics Ltd., based on Newton Industrial Estate, is a manufacturer of electronic components, and though originally set up in 1980, the company has been owned by a UK-based international group, TT Electronics plc since 1991. Its longevity as a viable international company operating in Barbados can be attributed to the support of its dedicated, quality workforce, and to the infrastructural framework that facilitates the needs of a large, international company.
Over the years the company has been well supported by local infrastructure and government entities such as Invest Barbados (IB). IB personnel maintain close contact with the company and are always prepared to facilitate any relevant issues that arise. Only recently they aided the company by totally managing the work permit renewal for its CEO. This process has been a time-consuming distraction over the years, but with Invest Barbados managing the process it allowed the company to totally concentrate on its own activity of running its day-to-day-business.
Crucible International operates world-class outsourcing services for clients in the Americas and Europe from its Headquarters near the international harbour in Bridgetown.
Barbados was originally chosen for this operation over other competing locations, by the founder – Confederation Life Insurance, because of its political stability and access to excellent talent and intellectual human capital. Crucible’s success is anchored in the solid business environment, reliable telecommunications and utility infrastructure that Barbados provides. Additionally, near-shore proximity to the North American market gave Barbados an edge.
With access to knowledgeable, capable resources, Crucible is able to match or exceed competing quality and service standards from anywhere in the world, and has been recognized as “the best supplier” by clients in the UK and Canada.
Crucible has worked with Invest Barbados over the years in searching for opportunities globally and as an industry leader, promoting Barbados as a destination of choice for successful ICT operations.
Aon Insurance Managers (Barbados) Ltd.
Aon Insurance Managers (Barbados) Ltd. (“AIM(B)”) was one of the first Management Companies to be established in Barbados after the first piece of captive insurance legislation, The Exempt Insurance Act was passed in 1983. Now some 30 years later we are still one of the leading Managers and very happy to be here.
AIM(B) formed in Barbados in 1984 and is a wholly owned subsidiary of Aon PLC (Aon). AIM(B) is one of 33 similar operations in 33 jurisdictions around the world which forms the Aon subgroup Aon Captive Insurance Managers (“ACIM”).
ACIM is a leading global captive and insurance management service provider and manages approximately 1200 insurance captives worldwide. We have achieved our continued success through our thorough understanding of the vital issues, by embracing the latest technology and most of all through our unwavering focus on quality client service and maintaining healthy long-term relationships.
American University of Barbados, School of Medicine - Expanding Barbados’ Medical Training Facilities
The American University of Barbados (AUB) School of Medicine brings to Barbados many unique opportunities in the Education and Investment fields. Our highest priority is providing students with the finest medical education possible to help mould them into world class physicians. We have committed whole heartedly to delivering an exceptional academic and clinical experiences to not only establish our students with success in their chosen fields, but also to establish ourselves as an emerging preeminent educational provider of the highest order.
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