Heading into the New Year, the Guyana Sugar Corporation (GuySuCo) has ambitious plans to enhance sugar production by focusing on mechanization and improving value-added products.
CEO Sasenarine Singh outlined the corporation’s strategic development plan, emphasizing the importance of mechanization, training, and value-added production.
In an interview on the Dr. Randy Persaud Show, Singh highlighted the significant increase in tilled land in 2023, reaching 5,805 hectares—an impressive 91% rise from the previous year.
The emphasis on mechanical planting at various estates, particularly Rose Hall and Albion, aligns with an economic model designed for business sensibility.
Singh stressed the importance of securing funds for mechanization, anticipating substantial improvements in production efficiency, global competitiveness, and long-term cost reduction.
The strategic plan plays a pivotal role in achieving the critical production goal of 1.20 million to 1.30 million metric tonnes of sugar annually.
The CEO reported substantial growth in value-added product sales, with packaging exports increasing by over 160% in 2023 compared to the previous year.
Products like Enmore crystals, Albion gems, and Demerara Gold contributed to this growth.
Looking ahead, GuySuCo plans to invest in staff training and expand the land available for production.
With over 8,000 employees across the Albion, Blairmont, Rose Hall, and Uitvlugt estates, the corporation aims to strengthen its workforce and optimize production processes.
As GuySuCo envisions a bright future for the sugar industry, the strategic focus on mechanization and value-added products reflects its commitment to sustained growth and competitiveness on the world stage.