Price to fix Wales estate would be too great – hence decision to close it – GuySuCo’s CEO

The Wales sugar estate has been in a sinking economic state, and over the years, finances were shuttled from the estates which were performing to support this West Demerara estate. This was made clear by Chief Executive Officer of the Guyana Sugar Corporation (GuySuCo), Errol Hanoman during a televised interview on the National Communications Network (NCN) this evening.

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Wales Estate to be closed

The parlous state of the sugar industry is common knowledge.  The new Board of Directors and the Interim Management Committee, appointed in July and June respectively, were charged with, inter alia, bringing a greater level of discipline to bear on the financial operations of the business.  The team confirmed the…

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