Sweet Deal for HOPA Ports

SucroCan Sourcing LLC has announced plans to build Canada’s largest sugar refinery at the Port of Hamilton, Ontario, on lands owned by HOPA Ports (Hamilton-Oshawa Port Authority). The new refinery is expected to have annual refining capacity of 1 million metric tons, representing an estimated investment of C$135 million.

SucroCan describes Ontario’s food and beverage manufacturing sector as “the third largest in North America, with manufacturing revenues of more than C$48 billion. The sector has more than 45,000 establishments in the province, employing more than 104,800 people.”

“The sugar markets in Canada and the United States are experiencing steady, long term, sustainable growth, and SucroCan is investing to supply these growing market demands,” said Jonathan Taylor, Founder and CEO of SucroCan Sourcing. “Our focus on improving customer supply chains is one of our keys to success, and a key reason for choosing the Port of Hamilton as the location for this new refinery. We have a customer base that is loyal and growing, benefiting from the new competition we are bringing to the market. Despite steady demand from an expanding food processing sector, overall refining capacity in both Canada and the U.S. has been stagnant for years, especially in Ontario, where the demand for sugar is growing at one of the fastest rates in North America.”

“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.”

“Ontario leads the nation in terms of food and beverage manufacturing and SucroCan’s investment in a brand-new sugar refinery is a proof point that our provincial agriculture and food industry generates valued jobs as well,” said Lisa Thompson, Ontario Minister of Agriculture, Food and Rural Affairs. “SucroCan’s new facility at the Port of Hamilton also highlights the importance of the added advantage we have in Ontario, given the Great Lakes and St. Lawrence Seaway, our H2O highway.”

Established in 2014, SucroCan has established an extensive production, sales and sourcing network throughout North America with two refining locations and an additional value-added processing facility in North America. The company has offices in Miami, Mexico City, Sao Paulo, Cali, Guayaquil, and Port of Spain.