The Appleton Estate Sugar Factory located in Siloh, St Elizabeth may stop producing sugar due to heavy losses during the 2019-2020 crop year. It is owned by J. Wray & Nephew Ltd.
According to the media report, J. Wray & Nephew Ltd has pointed to sustained losses in sugar production and the impact of the global coronavirus pandemic, which has resulted in the closure of bars and other routes-to-market, on its bottom line.
The workers depend on the factory are uncertain about their future after the news of factory closure.
In a statement issued by the company, it said, “The negative impact of the novel coronavirus (COVID-19) on the commercial operations of J. Wray & Nephew Ltd, coupled with sustained losses from its sugar business, has forced the company into consultation about the future of the Appleton Sugar operations in St Elizabeth.”
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