The beleaguered US$110M-plus Skeldon factory has recorded its highest ever annual production since its commissioning in 2009, producing 39,153 tonnes of sugar so far.
Chief Executive Officer of the Guyana Sugar Corporation (GuySuCo) , Errol Hanoman, told Stabroek News on Tuesday that the Skeldon estate has also surpassed its second crop target of 30,594 and continues to boil which is likely to increase the current 30,932 tonnes by a few more tonnes. Though this year’s production is the highest, it is a far cry from the estimated 110,000 to 117,000 tonnes this factory was rated to produce each year. Skeldon’s cost of production is also said to be much higher than the other estates and is likely producing at a significant loss.
For the first crop of 2015, Skeldon produced 8,221 tonnes of sugar, a
