HAMILTON, ONT. — Sucro Can Sourcing LLC has announced plans to build Canada’s largest sugar refinery with an investment of $135 million at the Port of Hamilton.
The refinery will be built on lands owned by HOPA Ports (Hamilton-Oshawa Port Authority), stated a release. It is expected to have an annual refining capacity of one-million metric tonnes.
Since its inception in 2014, Sucro has established a production, sales and sourcing network across North America with two refining locations, an additional processing facility and offices in Miami, Mexico City, Sao Paulo, Cali, Guayaquil and Port of Spain.
“The sugar markets in both Canada and the United States are experiencing steady, long term, sustainable growth, and Sucro is investing to supply these growing market demands,” said Jonathan Taylor, founder and CEO of Sucro Sourcing, in a statement.
“Despite steady demand from an expanding food processing sector, overall refining capacity in both Canada and the United States has been stagnant for years, especially in Ontario, where the demand for sugar is growing at one of the fastest rates in North America.”
Ian Hamilton, CEO of HOPA Ports, commented, “We worked closely with Sucro Can to understand its location and logistics needs, and those of its customers. The new refinery in the heart of southern Ontario’s food processing cluster has access to marine, rail and highway transportation options.”
Ontario’s food and beverage manufacturing sector is the third largest in North America with manufacturing revenues of more than $48 billion.
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