Latest update March 28th, 2024 12:59 AM
Jun 06, 2009 News
The Ministry of Agriculture, through the Guyana Sugar Corporation (GUYSUCO) signed a US$12 million (G$2.6 billion) contract with Surendra Engineering Company Ltd, which will see the establishment of a New Enmore Sugar Packaging Plant and upgrade of the factory.
The packaging plant is expected to be completed in September of 2010, and it is the first project to be implemented within the context of the Guyana Sugar Action Plan, and funding will be coming from the European Union.
The upgrade and the other components of the project are expected to be completed in the first two months of 2011, and penalties will be instituted on the company if it is not completed on time.
The company, Surendra Engineering Company Ltd, was one that was contracted through an international competitive bidding process.
The project is expected to employ persons from within the sugar industry. It was noted that because of the modernization activity and training, the first opportunity will be given to those who are working within the industry.
The plan, which is titled ‘Project Gold’, is expected to aid the efficiency of the sugar industry, the consequence of which GUYSUCO would have greater returns for its sugar, as emphasis is being placed on bulk sale.
However, this project would result in the packaging of sugar and GUYSUCO is likely to benefit from greater pricing as a result of this effort.
At the signing ceremony of the contract yesterday at the Ministry of Agriculture, Chairman of GUYSUCO, Dr. Nanda Gopaul, said that the project would also see the sugar company having enormous potential at Enmore, where they can move to co-generation at a later stage, and they can also be able to expand the factory’s capacity to an extent where the East Demerara canes can be harvested at that one location.
Chief Executive Officer of GUYSUCO, Errol Hanoman, noted that one of the purposes of the project is to convert the entire production in East Demerara, into direct consumption of sugar and to package it for the local and international markets.
“It will have considerable value to GUYSUCO. It is an important step in the development and modernization of GUYSUCO,” Hanoman said.
Minister of Agriculture, Robert Persaud, said it is one of the key projects in ensuring that in the future, Guyana’s sugar industry is competitive and it is able to weather the storms.
He explained that the project puts a lot of emphasis on value, added that it is also part of the strategic vision for the industry in terms of developing a sugar cane cluster, that is diversifying within sugar cane, and ensuring that they reduce their dependence on bulk sugar export.
However, at the same time, he urged the sugar industry to look at other options in terms of gathering much more income and revenue for the industry.
Currently, approximately 8,000 tons of packaged sugar is produced at Blairmont, but the facility at Enmore will allow GUYSUCO to do a variety of packages in specialized sugar and it would also allow them to take production in terms of packaged sugar to another 40,000 tons per annum initially.
According to the Agriculture Minister, it would also allow GUYSUCO to take it to 80,000 tons in the future, if they have all the ingredients and components right, especially if they have adequate supplies of sugarcane.
THIS IDIOT TELLING GUYANA WE HAVE NO SAY IN THE 50% PROFIT SHARING AGREEMENT WE HAVE WITH EXXON.
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