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Story Highlights

  • 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.
  • 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.

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.