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NAMILCO to invest G$10B in state-of-the-art processing mill
(Kaieteur News) – The National Milling Company of Guyana on Tuesday announced that it has invested approximately G$10B to significantly enhance local production capabilities and capacity within Guyana’s flour milling industry.
According to a press release, the investment will fund the construction of a new state-of-the-art processing mill, expanded wheat storage facilities, and an enhanced wharf to support both domestic and growing export demand. The project reinforces the company’s long-term commitment to advancing Guyana’s agri-industrial development and supporting regional food security initiatives.
President Irfaan Ali met with executives of the National Milling Company of Guyana (NAMILCO) at State House on Tuesday.
Senior Minister within the Office of the President with reponsibility for Finance, Dr. Ashni Singh; Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally and Director of Presidential Affairs Mrs. Marcia Nadir-Sharma were also at the meeting. (Office of the President)
“This expansion represents more than an investment in infrastructure, it’s an investment in people, skills, and the sustainable future of Guyana’s food industry,” said Mr. Jack Bresky, CEO & President of Seaboard Overseas Trading Group.
“We are proud to partner with the Government of Guyana as we align with President Ali’s vision for regional food security and increased value-added production.”
The company, which is owned and managed by Seaboard Corporation, a diversified global agribusiness and transportation company said that the new processing mill is expected to boost local production capabilities, and create significant employment opportunities across technical, operational, and logistical sectors.
“The project will also incorporate modern technologies and training programs to develop local expertise in advanced milling operations,” the press release said.
Additionally, NAMILCO is actively engaging the Government of Guyana to explore opportunities for the commercialization of local cassava flour production. This initiative aims to diversify Guyana’s flour offerings, promote agricultural innovation, and further strengthen the country’s self-sufficiency in food production.
Further, Seaboard will also be conducting due diligence related to the potential entry into integrated pork production and processing, as well as liquefied natural gas (LNG) distribution opportunities, in a bid to diversify and demonstrate its long-term confidence in the local economy.
“These exploratory initiatives underscore the company’s holistic approach to value-chain development across food production and energy infrastructure — two key enablers of sustainable national growth.”
The company said Tuesday’s announcement follows the successful commissioning of its mixing plant in 2023 which marked a major step toward value-added food production in Guyana.
“Our continued investment demonstrates our strong belief in Guyana’s economic potential and our commitment to contributing to its long-term industrial growth,” added Mr. Bresky. “Together, we’re building a stronger, more resilient food system for the Caribbean and beyond.”
Construction on the new facilities is expected to begin in Quarter 1 2026, with commissioning targeted for 2027.
About Seaboard Corporation
Seaboard Corporation is a Fortune 500 diversified global agribusiness and transportation company headquartered in Merriam, Kansas, USA. With operations across more than 40 countries, Seaboard’s businesses span flour milling, commodity trading, and food processing through its Seaboard Overseas and Trading Group, vertically integrated pork production and processing via Seaboard Foods, and international shipping and logistics through Seaboard Marine. For over a century, the company has built a reputation for driving sustainable growth and food security through innovation, efficiency, and partnership across the global supply chain.
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It boggles the mind as to why we should be importing increased supplies of wheat when our rice farmers are faced with the perennial problem of a glut in the availability of paddy. If we are serious about food security, then perhaps we need to have a relook at producing rice flour which is widely used in India and parts of Africa, including South Africa. Such a move would represent a potential boon to our rice farmers while forcing us to value what we have. What’s keeping us back except low self-esteem !