GEORGETOWN: Demerara Distillers Limited, DDL, announced a programme of development that would see the company investing ten billion dollars (GYD $10 Billion), the equivalent of fifty million United States dollars (USD $50 Million), over the next three years.
Speaking Wednesday after a tour of DDL facilities by Prime Minister Moses Nagamatoo and Minister of Business Dominic Gaskin, the DDL Chairman, Komal Samaroo said that, the investments over the next three years, “are in pursuance of DDL’s strategic goals to increase its export earnings [and], to diversify its income base; not only in alcohol but other things like food processing and other non-alcoholic beverages.”
Prime Minister Nagamatoo, indicating that he was happy to have finally his long overdue the visit to DDL said, “I am delighted to see that our local manufacturers are hard at work ensuring that out local products reach the global markets.” He added that “the expansion plans outlined by DDL today demonstrate the company’s continued confidence in our economy, as a government we will continue to support them and all manufacturers of local content.”
Minister Gaskin, describing DDL as “one of the biggest value-added companies in Guyana and probably Guyana’s most successful value-added company,” said, “it was good to get a walk through and get a glimpse of their manufacturing facilities.” Minister Gaskin wished the company well with its expansion plans and said that “the government stands ready to give support to DDL wherever possible.”
The new DDL expansion programme includes some projects that have already started, some projects that are ready to go, and some projects that are in various stages of the planning process. Projects that have already started include the new warehouse for storing aging rums. Projects that are ready to go include the new blending department and the new DSL warehouse.
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