Guysons in US$60m joint venture for oilfield manufacturing
-Enmore sugar packaging plant to be transformed as part of deal
Guysons joint venture deal: President Irfaan Ali is fourth from right. Guysons founder Kads Khan is at right. (Ministry of Finance photo)
February 18 ,2022
Local machining company Guysons has clinched a US$60m joint venture for oilfield manufacturing at Enmore that will see the GuySuCo sugar packaging plant being transformed into a fabrication facility.
While creating jobs the deal will also represent privatization of a key part of GuySuCo’s assets which had once been played up as a money spinner. The East Coast Demerara packaging plant had been built in 2011 at a cost of US$12m.
Following the acquisition of 55 acres of former Enmore Sugar Estate lands, Guysons entered into a US$60 million joint venture with the United States equipment manufacturer K&B Industries to transform the packaging plant into a fabrication facility for the oil and gas industry.
Gas to Shore Plant and Power Generating Plant to be built at Wales Estate.
Rose Hall and Skeldon Estate remained Closed to date.