Located at Marudi Creek on the Soesdyke/Linden Highway, Precision Global Incorporated, a US$8 million real estate and haulage investment company owned by Ontario-based Guyanese Vishnu Ramdeen has embarked on an agro-processing venture that can not only further enhance the value of the country’s coconut industry but can also significantly further expand its agro-processing sector.
Commissioned since late 2019, the factory rolling out the ‘Only Coconuts’ brand had been ‘waiting out’ the coronavirus pandemic for several months. It is, however, now fully engaged in the process of taking advantage of the country’s coconut industry to manufacture some of the range of products that can be derived from the coconut in an effort to capture local, regional and international markets.
Production has been proceeding at a measured but brisk pace. Three of the company’s planned range of coconut-based products, Virgin Coconut Oil, Coconut Flour and Coconut Chips have already made their respective entries into the local market. These can be found in Supermarkets and other outlets in Georgetown, on the East Coast and East Bank, West Coast of Demerara, Berbice and Linden. The company is currently engaged in seeking to expand its market reach into Essequibo, including Bartica.
