Chinese Firm Will Need Long-Term Outlook After Buying Loss-Making Jamaican Sugar Plants

The state-owned Sugar Company of Jamaica (SCJ) has sold off its remaining sugar factories to a Chinese company in a deal worth around US$9mn. The Complant International Sugar Industry Company will take control of three factories in Monymusk, Bernard Lodge and Frome, and has also agreed a 50-year lease for 30,000 hectares of sugar cane lands in the surrounding areas. Complant is also required to modernise the factories and conduct a feasibility study for the building of a new refinery as part of the

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