Mega Guatemala company eyes sugar investment in Guyana

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[www.inewsguyana.com] – A large-scale sugar company in Guatemala is in talks with the Guyana Sugar Corporation (GuySuCo) which could lead to investments here.

This is according to Minister of Foreign Affairs, Carolyn Rodrigues-Birkette, who told a news conference that the company, San Diego, with factories branded “Trinidad” has expressed interest in getting into sugar cultivation and setting up their operations here.

She said the company has requested information from GuySuCo and so the talks are an early stage.

“We need to engage with countries that have been doing well in the sugar sector and Guatemala is right up on top.”

In recent times, the country’s sugar industry has been faced with many challenges, however President Donald Ramotar had noted that there is a lot of corrective works being done on the Skeldon Sugar Factory while moves are afoot to secure the services of more skills to assist in the technical aspect of the operation in both agriculture and the factory itself.

With respect to the privatization of the sugar industry, the Guyanese President explained that while he is not closed off to any options, the main focus of the government is to ensure that the industry receives the support it needs with hope of it bouncing back and making a huge contribution to the development of the country.

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