United Products Group
United Products Group, formed by United Products Limited (UNIPRO) and Indaco Limited, hereinafter the Company, it is a trading, industrial and investment group of companies incorporated in the Republic of Ireland, with its group headquarter in Dublin and a financial control office in Luxemburg.
Since 1994, the Company operate activities also in Cuba, that currently employs more than 30 workers. It operates an in-bond warehouse of approximately 2600 square meters with around US$ 2 million stock of hydraulic material, textiles, garments, footwear, shoes and toys.
The Company carries on its business activities also in other countries like China, India, the Dominican Republic, Venezuela, Ireland, Luxemburg, Iran, Chile, Argentine, Canada and Nigeria.
Logistics of products manufactured worldwide are accomplished by Sciolla Company S.r.l., a company specialized in foreign attendance and services, based in Italy.
Thanks to its industrial focused capacity and know how, United Product Business Group took part and ran an international economic association with the Ministry of Light Industry (Puntex-Unipro) that exploited an industrial plant in Guanabacoa, manufacturing Imagen Cuba undershirts and t-shirts that were distributed in the Cuban chain of shops of the tourist industry.
The international economic association (Puntex-Unipro) accomplished a successful production for more than 7 years and subsequent to its closing date stable supplies of raw materials, spare parts, accessories and technical assistance have been kept .
Taking the historical experience into account, at present the group in totally absorbed in a proposal to create in Cuba a joint venture company to manufacture socks (for women, men and children including sports socks) to be distributed through the retail trade.
The creation of the formerly mentioned company in Cuba, unquestionably eliminates imports from China and Panama among other countries.
United Product Business Group is part of a conglomerate that gathers worldwide known prestigious producers, that have created a strategic alliance to supply different products and raw materials to Cuba and the Caribbean as well.
Company’s turnover in Cuba during the last three years exceeds US$ 100 million.
Since its foundation, United Product consolidated financial statements are audited and certified by the most important Irish Auditors, BKR Ormsby & Rhodes.
United Product Business Group legal advisors are O’ Gradys Solicitors lawyer’s office in Dublin, Ireland.
Company’s main bankers include:
• Ulster Bank, Ireland – Nat West Group, UK
• Dexia – Bil, Luxemburg
• IntesaSanPaolo, UK
• Unicredit, UK
• Banque de Depot et Gestion, Suisse
• Banco Sabadell, Spain
• Republic Bank, Trinidad y Tobago
• Banco Financiero Internacional, Cuba
• Banco Internacional de Crédito y Comercio, Cuba
In order to perform duties and responsibilities as effectively as possible, Company’s activities in Cuba have been organized in specialty divisions, with their own commercial structure and independent operational management, operated by the local accounting and financial central office, which is directed and controlled by the headquarter.
Current operating divisions are:
Household items and personal
cleanliness and beauty products
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Steels, Petroleum Derivatives
and Chemicals
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Office Equipment,
Tyres and Batteries
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