Fiji Sugar Corporation (FSC) has identified several ways through which it believes it will be able to generate adequate profits and cash flows in the next two to three years.
This is stated in their 2024 annual report — the ideas include large-scale sugar plantations, cost-cutting initiatives, revenue-generating investments, better marketing of Sugars of Fiji, improvements in mill efficiency and mill performance together with improved quantity and quality of cane supply.
“Appropriate plans and strategies together with detailed work plan and milestones are being implemented by the directors and management to achieve the targets,” states the report.
“Management is making all efforts in consultation with the project engineers and contractors to bring about efficiency within the upgraded mill plants and machinery at the three mills.”
FSC states technical expertise is being engaged where necessary in order to carry out financial restructuring, operations streamlining and marketing of Sugars of Fiji brand to get better value for our sugar.
“Various non-core assets of the corporation have been identified and are being sold. Corporation’s plan to modernise and upgrade rail transportation system (rail trucks and locomotives), as it is the cheapest mode of cane transportation to the mills.”
