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GuySuCo will be rebuilt brick by brick

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08 Oct 2020 10:07 #385203 by chairman
THE Guyana Sugar Corporation (GuySuCo) is banking on value-added to help return sugar to profitability, said acting Chief Executive Officer, Sasenarine Singh, who noted that every effort was being made to rebuild the destroyed industry brick by brick.

He made these remarks during a visit to the Blairmont Estate on Wednesday.

“GuySuCo is on a change plan. We have refashioned the way we are doing things. We have re-engineered the way we are thinking at GuySuCo. The whole vision at GuySuCo right now is to move up the value chain as fast as we can within the constraints of finances, and, in addition to that, we are opening three estates so it’s going up and it’s going broader,” he told reporters.

According to Singh, the corporation is seeing returns from packaged products and has now shifted focus to putting measures in place to help this strive in the short-term.

“GuySuCo is making money on the packaged sugar and losing on the bulk sugar, so we are moving away from the bulk sugar and focusing on the value-added products. We are building a short-term, medium-term and long-term plan; we are supplementing what Blairmont is producing. Blairmont is now focused exclusively on the export market for packaged sugar while Enmore will focus on the local market,” the acting CEO said.

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08 Oct 2020 10:08 #385204 by chairman
REFINERY

Among the long-term plans is the addition of a refinery at one of the estates to tap into a 200,000 tonne market for refined sugar.

“We are looking to bolt on a refinery at either Albion or Skeldon to tap into Caribbean market which imports 200,000 tonnes of white sugar from outside the Caribbean at escalated prices when we can use it by doing the Caribbean External Tariff (CET) route and be able to be competitive and still make a profit in that market space,” the acting CEO told this publication.

He also lamented the loss suffered by the corporation over the past three years and called for all responsible to be held accountable for their action.

“GuySuCo gave NICIL moving equipment, moving impediments but what we got back were several pieces of scrap iron. This is the reality that we are living in. It was the greatest loss of value across the industry in the history of GuySuCo. It happened over the past three years.
It is a national crime and those responsible for this national crime, we all must expose them and if possible incarcerate some of these criminals; it was a national crime. But we are not going to think hard on it because we are going to rebuild the sugar industry, brick by brick and prove to those people who want to destroy it that it can come back again,” Singh said passionately.

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08 Oct 2020 16:53 #385211 by chairman
Sugar is coming back

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10 Oct 2020 16:17 #385233 by ketchim
Ban these packaging companies from using the label :

"DEMERARA SUGAR "

and it coming from Malaysia, Phillipines et cetera !

Guyanese Bedesee is also a Culprit !

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