- Paying the bills -

Colombian Company Buys Sugar Mill in Nicaragua

NICARAGUA BUSINESS NEWS — The Colombian sugar company Mayagüez has acquired a 60% stake in Casur Sugar Holdings, in the department of Rivas

Mario Amador, vicepresidente de la Cámara de Industrias de Nicaragua.
Mario Amador, vicepresident of the Cámara de Industrias de Nicaragua.

Casur has 1,900 employees, and can grind 645.185 tonnes of cane, producing 1.2 million sacks of sugar a year, with sales of more than $38.3 million.

Elnuevodiario.com.ni reports that the Colombian company “… Mayagüez has a 14% stake in the sugar market in Colombia, and with this purchase plans to expand its potential in the energy market “by producing ethanol from sugar cane.”

- payin the bills -

Mario Amador, executive director of the National Committee of Sugar Producers (CNPA) statde that “… projects that need this mill to improve production capacity easily range between $80 million and $100 million … I see it as positive this injection of fresh capital into this mill, even for the other mills, because they will see the technology and experience of this Colombian company. ”

Source: elnuevodiario.com.ni

Related Articles

Student Leader Forced to Sign Apology Letter to Daniel Ortega to be able to leave Nicaragua

Q24N (Confidencial) The worsening police harassment pushed former student leader Justina...

Nicaragua’s Miss Universe Title Win Exposes Deep Political Divide

Q24N (VOA) Nicaragua's increasingly isolated and repressive government thought it had...


- paying the bills -

Let's Keep This Going!

To be updated with all the latest news and information about Nicaragua and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.