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US-Based Company To Inject US$38m Into Long Pond Sugar Factory

The operators of the Hampden Estate have announced a deal with a United States-based entity to inject some US$38 million or J$4.9 billion to transform the Long Pond sugar factory into a co-generation facility. In a release this morning, CEO of Hampden Estate, Andrew Hussey, said the Trelawny-based sugar producer is partnering with the US-based Arrakis Development to transform the Long Pond sugar factory. He says this will allow Hampden to continue producing sugar as well as electricity from the sugar-making process.