Georgetown : The Guyana Sugar Corporation (Guysuco) has surpassed its 2014 production target of 216,000 tonnes. This achievement is a first since 2005, and in thanking workers at all levels of the corporation for attaining this goal, GuySuco’s Chief Executive Officer, Raj Singh said that there is still much to be done to ensure a return to profitability.
The corporation, in a press release issued , said that the CEO described the performance of the industry as encouraging, noting that most of the key performance indicators were achieved. The target was surpassed when grinding for this year officially halted on December 24, at all estates.
The company will be focusing in 2015, on increasing production, reducing production cost, enhancing its mechanisation programme, expanding market base and diversifying its lines of business with new products, particularly value added ones.
GuySuco has benefitted from more than $6 billion from government, in 2014, as it works to reverse its fortunes by modernising and streamlining its operations. In addition to the 18,000 workers, more than 120,000 people benefit indirectly from the company’s operation.
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