News International Sugar Journal

Jamaica – Chinese company to invest U$200 million to modernise two sugar factories [Registered]

Chinese company Pan-Caribbean Limited, operators of the Monymusk and Frome sugar factories in Jamaica, has announced plans to pump between US$180 million and US$200 million into modernising the two plants, reported StabroekNews. Chief Executive Officer 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 Huaixiang said 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…

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