NAMILCO announces $10b investment – Stabroek News
The National Milling Company of Guyana (NAMILCO) has announced a $10b investment which will see the construction of a state-of-the-art processing mill, expanded wheat storage capacity and an enhanced wharf to underpin domestic and export demand.
Owned and managed by Seaboard Corporation, a diversified global agribusiness and transportation company, NAMILCO made the announcement yesterday and also had a meeting with President Irfaan Ali.
Construction of the new facilities is expected to begin in the first quarter of 2026, with commissioning targeted for 2027.
In a press release, it said that the project reinforces the company’s long-term commitment to advancing Guyana’s agri-industrial development and supporting regional food security initiatives.
“This expansion represents more than an investment in infrastructure, it’s an investment in people, skills, and the sustainable future of Guyana’s food industry,” said Jack Bresky, CEO & President of Seaboard Overseas Trading Group. “We are proud to partner with the Government of Guyana as we align with President Ali’s vision for regional food security and increased value-added production”, he added.
The new Processing Mill is expected to boost local production capabilities, and create significant employment openings across technical, operational, and logistical sectors. The release said that the project will also incorporate modern technologies and training programmes to develop local expertise in advanced milling operations.
It added that NAMILCO is actively engaging with the government here to explore opportunities for the commercialization of local cassava flour production. This initiative, it said, aims to diversify Guyana’s flour offerings, promote agricultural innovation, and further strengthen the country’s self-sufficiency in food production.
“Further demonstrating its long-term confidence in the Guyanese economy, Seaboard will also be conducting due diligence related to the potential entry into integrated pork production and processing, as well as liquefied natural gas (LNG) distribution opportunities. These exploratory initiatives underscore the company’s holistic approach to value-chain development across food production and energy infrastructure — two key enablers of sustainable national growth”, the release added.
The announcement of the new investment follows the successful commissioning of NAMILCO’s Mixing Plant in 2023, inaugurated by President Ali. That facility, NAMILCO said, marked a major step toward value-added food production in Guyana and laid the foundation for yesterday’s investment.
“Our continued investment demonstrates our strong belief in Guyana’s economic potential and our commitment to contributing to its long-term industrial growth,” added Bresky. “Together, we’re building a stronger, more resilient food system for the Caribbean and beyond”, he said.
Seaboard Corporation says it is a Fortune 500 diversified global agribusiness and transportation company headquartered in Merriam, Kansas, USA. With operations across more than 40 countries, it added that its businesses span flour milling, commodity trading, and food processing through its Seaboard Overseas and Trading Group, vertically integrated pork production and processing via Seaboard Foods, and international shipping and logistics through Seaboard Marine.
