After two years in operation, pan manufacturer Musical Instrumentals of Trinidad and Tobago Company (MITTCO) says it has seen 60 per cent growth, with most of that coming from the export market.
This was confirmed by Akua Leith, MITTCO’s managing director.
Speaking to Business Guardian, from the company’s headquarters located at e TecK Diamond Vale Business Park, Industrial Estate, Diego Martin, Leith said the 60 per cent growth does not mean that MITTCO is profitable, but the trajectory is heading in that direction.
“I think in the next three years, we will become profitable. In 2024 we saw some growth in sales, but we also had issues with chroming, issues with drums. All these things we were able to see from an operational perspective and how these things could be better handled going into 2025,” Leith explained.
On the export side, the managing director said the US is its biggest market and the goal for 2025 is to penetrate into other international markets.
“The Chinese market is huge, and we have seen some type of growing interest, especially following the seventh China International Import Expo, which was held in November. Amanda Barnett represented MITTCO, where she made some vital connections with the colleges, to supply MITTCO steelpan for their ensembles.
Leith said the company collaborated with the Ministry of Trade and Industry with a booth being shared at the expo to help market the MITTCO brand. Amanda Barnett went outside of the China Expo and spoke to universities and one of them would be coming to have a factory tour, to have further conversations.
“Beyond that, we talked to some agents who are willing to start promoting the instrumental performances in China. We got some good traction from that. And hopefully, within the next few months, we’ll start to see that turn into actual sales,” Leith added.
He said Japan has a trade summit happening this year and the company is going to use that opportunity to enter that market.
Leith noted that 40 per cent of sales come from North America and only 20 per cent comes from T&T.
“More traction in terms of monetary gains is coming from St. Vincent, Grenada, Guyana, Jamaica, St. Kitts and St. Lucia.”
The MITTCO director believes there needs to be greater awareness of the company and its products for traction to grow in T&T, he said, adding that while many steel bands have purchased the steel pans, the company’s product is not in schools and that is where the focus should be.
“We are ready to have conversations. I believe, based on our invitations to come and view the factory space. MITTCO had the Prime Minister here, we spent a lot of time with him during the trip. We had the President here. She spent a lot of time with us as well. We had the ministers and even ambassadors coming and showing their whole interests of how students can benefit their communities and their ministries,” Leith detailed.
As it pertains to pan manufacturing,the managing director said 80 pans are manufactured a month, but he noted that there are 300 pans now at the factory to be sold.
Also, for export Leith said approxiamtely 40 steel pans are exported a month.
In terms of pricing of steel pans for exports, he said it costs US$1,700 per pan compared to foreign steel pan manufacturers who sell the national instrument between US$3,00 and US$5,000.
Leith pointed out that while MITTCO’s pricing is more competitive, there are a few more factors to look at.
“At the end of the day, we know an authentic steel pan comes from T&T, but it’s the game of supply and demand. If we can’t supply, of course, somebody else will be able to fill that vacuum. I think the foreign market would want steel pans from T&T to be good,” he mentioned.
Asked about the cost of a MITTCO steelpan on the local market, Leith said a powder-coated pan is $8,000, but it comes with pan sticks, a care kit, and an educational programme that the purchasers can access.
A chrome pan he said is $11,600 with the same package, just a different finish.
He highlighted that MITTCO has an extensive relationship with the Defence Force Steel Orchestra and Panorama steel bands are also coming on board.
Leith said a lot of bands are now coming in and placing their orders and the pan manufacturer came up with a programme to assist the bands.
“What we understand is, for sure, bands may not readily have the cash to purchase pans. MITTCO did our research, and offered a few bands to try a system of credit. This is where the bands can get the steel pans upfront, and then at the end of the season, once the prize money is paid, they can then pay for the instruments then. So, we allow them to go to the competition with the best product, and then at the end of the competition, once successful, they pay for the instruments,” Leith said.
On the much talked about foreign exchange crunch, the director said MITTCO needs forex for the raw materials such as the drums and chrome for the pans.
“The establishment chromes its pans in Iowa, located in the United States and we do need foreign exchange for that, but as a manufacturer and an exporter, we generate forex as well. So, we see MITTCO as a viable opportunity to bring foreign exchange to T&T, through its export. The question is how we do get the support of different ministries and different incentives to get our product out into the foreign market, to generate more into the country” he said.
Asked about the need to chrome pans in Iowa, Leith said the chroming factory in El Socorro was destroyed by fire in 2021. He said the chroming factory is due to reopen some time this year.
The company opened its doors in August 2022, with funding from the Hadad brothers, the founders of the Hadco group of companies.
ISO certification
Last August, MITTCO earned International Organisation for Standardisation (ISO) certification from the Trinidad and Tobago Bureau of Standards (TTBS).
This achievement represents the first time the TTBS has awarded ISO certification to a musical instrument.
TTBS executive director Jose Trejo highlighted the bureau’s critical role in setting standards for goods and services, noting that the steelpan, a symbol of national pride, held a unique and significant place in this historic recognition.
Trejo also clarified that the certification was not exclusive to MITTCO but was open to all steelpan manufacturers in T&T, underscoring the importance of maintaining high standards in producing the country’s iconic instrument.
“The product certification scheme is not exclusive to MITTCO. It is open to any company or manufacturer that meets the requirements and is ready to apply. It’s not a closed certification process,” Trejo said.
He emphasised the steelpan’s global recognition as originating from T&T, drawing parallels with Jamaica’s Blue Mountain Coffee.