Georgetown, Guyana – 10 December, 2025 -Sucro (via Sucro Caribbean Investment, LLC) and GAICO Construction & General Services Inc. have launched a joint venture to establish Demerara Sugar Refinery Inc. (DSR). The new entity will develop and operate a US$20 million white sugar refinery at Wales, West Bank Demerara, Guyana.
Under the agreement, DSR will install a refinery plant sourced from Hamilton, Canada, utilizing GAICO’s existing wharf and infrastructure. Sucro, holding a 15% indirect interest, will manage engineering, process design, raw sugar supply, and marketing under a tolling arrangement.
Jonathan Taylor, Founder & CEO of Sucro said, “Guyana provides an ideal second cane sugar refining platform for Sucro within the CARICOM region, that will enable Sucro, through its local affiliates and partnerships, to deliver reliable, value-added refined sugar supplies and further reduce the need for imports, creating much needed jobs and security to local communities across the Caribbean.”
For more information, contact our Marketing Department:
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