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Monymusk and Frome Sugar Factories to be Upgraded

By: Alphea Saunders, January 16, 2014

The Key Point:

Pan-Caribbean Limited, operators of the Monymusk and Frome sugar factories, has announced plans to pump some US$180 million to US$200 million into enhancing the plants.
Agriculture
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Monymusk and Frome Sugar Factories to be Upgraded
Minister of Agriculture and Fisheries, Hon. Roger Clarke (centre), addresses the signing ceremony for an agreement between the All Island Jamaica Cane Farmers Association and Pan-Caribbean Sugar Company to authorise the sale of sugar and molasses, and establish a pricing regime. The ceremony was held on January 15 at the Ministry’s Hope Gardens offices. Also participating are: Chairman of the All Island Jamaica Cane Farmers’ Association, Allan Rickards (left) and Chief Executive Officer (CEO) of Pan-Caribbean, Dr. Huaixiang Wu.

The Facts

  • The investment is in keeping with COMPLANT's commitment to the local sugar industry.
  • Pan-Caribbean represents the Chinese firm COMPLANT International Sugar Industry Limited to whom Government divested its sugar assets.

The Full Story

Pan-Caribbean Limited, operators of the Monymusk and Frome sugar factories, has announced plans to pump some US$180 million to US$200 million into enhancing the plants, and upgrading equipment at the two facilities.

Chief Executive Officer (CEO) of Pan-Caribbean, Dr. Huaixiang Wu, made the announcement on January 15, as he addressed a signing ceremony with the All Island Cane Farmers Association at the Ministry of Agriculture and Fisheries in St. Andrew.

Dr. Wu said that the investment is in keeping with the company’s commitment to the local sugar industry.

He informed that last week, the board approved the agricultural investment plan at Monymusk worth some US$40 million to US$50 million, and that work has already begun.

Pan-Caribbean represents the Chinese firm COMPLANT International Sugar Industry Limited to whom Government divested its sugar assets at Frome, Monymusk and Bernard Lodge in August 2011.

Last Updated: January 16, 2014