HOPA Ports and SucroCan Sourcing recently made a ‘sweet’ announcement.
Together, the partners plan to build Canada’s largest sugar refinery located at the Port of Hamilton’s Pier 15.
The new sugar refinery will have an annual refining capacity of 1 million metric tonnes, equivalent to about 50 vessels annually, and representing an estimated investment of $135 million CAD.
“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 SucroCan Sourcing. “We have a customer base that is loyal and growing, benefiting from the new competition we are bringing to the market.”
Ontario’s food and beverage manufacturing sector is the third largest in North America with manufacturing revenues of more than $48 billion. The sector has more than 45,000 establishments in the province, employing over 104,800 people.
SucroCan’s focus on improving its customers’ supply chains is one of the keys to its success, and a key reason for choosing the Port of Hamilton as the location for its new refinery.
“HOPA Ports is thrilled to be working with SucroCan to make this historic investment a reality,” said Ian Hamilton, President & CEO of HOPA Ports. “We worked closely with SucroCan 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. The facility’s new capacity and reliability will give Ontario food processors the confidence to invest in their own operations. For us this is a huge win: driving a resilient and efficient supply chain, growing the economy and creating jobs.”
