“This increase in sugar production enables us to face new future challenges”
SAN PEDRO DE MACORÍS.- The Cristobal Colon Sugar Mill, owned by the CAEI Consortium, achieved an unprecedented production of 131,816MTs, surpassing the set goal for the recent harvest by 11 thousand tonnes.
The mill processed 1,368,050MTs of sugar cane, and attained a production of 9,716,733 gallons of molasses.
The executive VP of CAEI, Alberto Potes, expressed that the increase in production was possible thanks to the support of the company Board, and Putney Capital Management, co-partner in all CAEI operations, and the efforts made by all company manpower.
“This increase in production ratifies the progress of the strategic plan, and places us in the position to face new future challenges, among others, to continue generating over 5,500 direct employment opportunities in the area, which contribute to bettering the social and financial indicators in the region, driving new technology investments, and quality assurance. In all social and environmental affairs, the company has invested over USD$5.0 per tonne of milled cane in the last 5 years.
Potes highlighted that in the last 4 years, the Cristobal Colon Sugar Mill invested over USD$55million in developing its agricultural and industrial expansion plans, thus increasing the milling capacity from 6,000 to 11,000 tonnes per day.
The investments have contributed significantly to environmental sustainability, water management and atmosphere emissions; the cooling towers to manage the in-mill closed water circuit, the wastewater biotreatment plant; the modernization in the production process through a continuous waste bin; the setup of an electrostatic precipitator, featuring an investment of USD$2.5million, and the entomology laboratory to monitor the biocontrol of plagues that affect all cane crops. All these investments put the mill on the avant-garde of all environmental matters.
Potes stressed that based on the sustainable management model, the mill is the only mill in the Caribbean region with production certified by Bonsucro and ProTerra, global production standards that promote sustainable economic, social and environmental performance. The mill also holds the ISO 9001, ISO 14001 Environment, and OHSAS-18001 Standards for Safety and Occupational Health in Crop & Harvest operations.
This harvest distinguished third-party purchased cane, as well as independent farmers who delivered around 80,000MTs, and the Finca La Unidad, which delivered some 400,000 MTs of sugar cane.
CAEI is a company within the assets portfolio managed by Putney Capital Management, partner of INICIA.
CAEI is a company in the Energy and Industry portfolio of assets administered by INICIA.
The Vicini family has invested in different economic sectors in the Dominican Republic for over 140 years. INICIA is one of the companies that has contributed significantly to the development and industrialization of the country.
INICIA is a private asset management firm that operates through partnerships with unique managers focused on the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.