Diasporic Entrepreneurship in the Caribbean - Firm Profiles.pdf Vol 2 | Page 26

Agro-processing Firms 9. DEMERARA DISTILLERIES LTD Company Background: With over three centuries of expertise in the art of rum- Demerara Distillers (DDL), Guyana, is a unique enterprise. No other rum distillery in the world is able to boast of such a heritage. It is this experience, which has enabled them to offer such a variety of high quality awardwinning rums of differing ages, styles and character – a comprehensive range of over 20 distinct varieties.17 The story of Demerara Distillers Ltd began in 1670 when every sugar estate had its own rum still, and a group of sugar cane producers formed an exporting co-operative. This early production of rum for sailors was the beginning of the company. The company grew from over 300 sugar estates to one company. In the 17th and 18th centuries, there were in excess of 200 small distilleries operating in Guyana, each attached to the existing sugar plantations, each with its own special blend of rum. However, following the years of consolidation and amalgamation, DDL is an unrivalled distillery operating at Plantation Diamond on the East Bank of Demerara, Guyana - wholly owned and operated by Demerara Distillers Limited.18 Unrivalled Bulk Rum Capacity The distillery has the capacity to produce in excess of 26 M liters of pure alcohol annually, and is the largest supplier of bulk rums and alcohol from the Caribbean to brand owners in Europe and North America. The company’s impressive list of clientele includes companies such as Diageo, Jim Beam Brands, Hiram Walker, Allied Distillers, and Corby’s. 17 Demerara Distilleries. “The Demerara Rum Heritage.” .http:// demeraradistillers.com/our-heritage (accessed April 6, 2014). The El Dorado Brand - An Unrivalled Range From the launch in 1992 by Demerara Distillers of their El Dorado range of Demerara Rums on the local and international market, the brand has gone improved significantly, epitomizing the unique quality of the true taste of Demerara. It was in 2002 that DDL became the first rum producer in the world to market a premium quality aged rum: El Dorado 15 Year Old Special Reserve. Since then, this spirit has become the internationally recognized benchmark for aged rums and the company has gone on to develop an unrivalled portfolio of Age Statement Rums. Demerara Distillers is an internationally recognized producer of award-winning rums with a range of over 20 different varieties of premium, standard and specialty products, all with the distinctive Demerara ‘stamp’ of quality and flavor.19 Demerara Distilleries was able to invest in other sectors and expand the business by borrowing money from commercial banks. Demerara Distilleries also benefitted from the EU trade and development partnership funding (EU Aid for Trade) with CARICOM countries during 2009-2012. Currently Demerara Distilleries is a public company in Guyana with 9,000 Shareholders. 18 Demerara Distilleries. “The Demerara Company.” http:// demeraradistillers.com/the-company (accessed April 6, 2014). 19 Demerara Distilleries. “The Demerara Company.”. http:// demeraradistillers.com/the-company (accessed April 6, 2014). 26