$100 million Investment in Sugar Mills

Nicaraguan investors are carrying out the water, soil and feasibility studies for building sugar mills in Tisma and San Francisco Libre.  

Tuesday, October 15, 2013

This was announced by the president of the Union of Agricultural Producers of Nicaragua (UPANIC) Michael Healy Lacayo, who added that the names of the investors have not yet been revealed, but is known that they will also invest in 40,000 hectares of land to be used for growing cane through an irrigation system.

Elnuevodiario.com.ni reports: " ... four mills operate in the country, which in the sugar harvest of 2012-2013, achieved a production of 15,680,411 quintals with an area of ​​96,317 planted hectares, according to official figures from the National Committee of Sugar Producers (CNPA) " .

This activity generates tax income over $816,000, and generates more than 60 MW for the national grid during the harvest and is responsible for 10% of movements at the port of Corinto.

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