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JAMAICA
tyres with treads at a threshold of 1.6 millimetres," Hare emphasised.
The amended Act will also ensure that road safety issues are addressed according to 21st century requirements. It will, among other things, deal with the use of mobile phones while driving, and also cover the use of in-car devices, such as DVD players.
Once the new Act is passed, driving schools and instructors will be required to be certified
by the Island Traffic Authority and adhere to an approved curriculum, which will address issues such as defensive driving.
The country recorded a total of 258 road fatalities for 2012, some 49 less than the previous year, and for the first time in over a decade, achieved its 'Below 300' target.
and that no debt-financed initiatives are under consideration.
Said Chung: "Every investment must have a payback period. We do not borrow money, we do everything from cash. I do not believe in upgrading for upgrading sake. If it does not have value added, it's a 'no-no'. It must pay back for itself."
Meanwhile, the management "makes do". Chung said, for example, that the roofing is engineered to let in natural sunlight into storage and factory areas, so that the use of electricity is minimised in the daytime. Ultimate Tyre made material purchases of J$103.6m, booked utility and worker-related costs of J$19.29m.
Brazil is its primary source of raw materials, according to Jackson.
Chung notes that because the company has been so prompt in paying its taxes - amounting to J$10.8 million in the last year - and because it no longer receives a government subsidy and is prompt in turning in financial reports each year, Ultimate Tyre has been granted significant operational leeway by the Government.
It is allowed to pay back 10 per cent of profit to workers in an incentive programme which this year will be J$3.6 million for the staff of 34, with the payment formula skewed towards those who earn less, according to Jackson. Challenges to its growth programme include the cost of oil and rubber, which affects the pricing of retreads, a shortage of retreadable casings on the world market, and an increase in supply of new cheap tyres from India and China.
Source: Abridged from Jamaica Gleaner
Jamaica Tightens Up On Tyres
Kenute Hare, head of the Jamaican Road Safety Unit of the Ministry of Transport, Works and Housing has indicated that the new Road Traffic Act, that is expected to be passed in 2013, will focus on motor vehicle tyre safety.
Hare, said that the agency will continue to educate the public on the importance of tyre safety as part of efforts to further reduce the number of road fatalities.
"Motorists will be required to have