Banks DIH, ANSA, GraceKennedy keen on Wales estate

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Former Member

Back in 2011 during my days with the AFC, I held the position that this is one solution for the sugar industry in Guyana.

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Three companies, including two regional conglomerates, have expressed interest in taking over the shuttered Wales, West Bank Demerara sugar estate in a deal that is expected to see the development of significant agro-processing operations here.

Sources have told Sunday Stabroek that Banks DIH, ANSA McAL, of Trinidad and Tobago, and the GraceKennedy Group, of Jamaica, have expressed interest in the acquisition of the now defunct estate.

https://www.stabroeknews.com/2...+%28Stabroek+News%29

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PrashadSenior Member

These fools should have followed Burnham and turn that Wales estate into a small farmers run cooperative. Now koolies will be at the mercy of either White Arabs or Red man playing White man. Either way it may not be good.

4/22/186:54 PM

Former Member

Prashad posted:
These fools should have followed Burnham and turn that Wales estate into a small farmers run cooperative. Now koolies will be at the mercy of either White Arabs or Red man playing White man. Either way it may not be good.

And Burnham's coops worked so well. Sugar is a capital intensive business. How will small farmers finance this. The best is for these people who need raw material for their products to buy it and so some jobs can be preserved.

4/23/181:19 PM

Former Member

Govt should sell Wales at a discount just so it can get into private hands and be productive to some extent. Its operation would add to the economic engine however small a contribution, better than a wasteland of scrap metal to rust and become an eyesore.

4/23/182:59 PM