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Wisynco to invest $300M in plant upgrade

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Manufacturing and distribution company Wisynco Group Limited will receive another upgrade in plant and equipment next year valuing roughly $300 million.

Chairman of the Group, William Mahfood, in an interview with the Jamaica Observer on Monday, said a commitment has already been made to get the upgrade under- way, following the consolidation of the distribution and sales of Trade Wind Citrus and Tru Juice into the Wisynco Group.

“It will be in manufacturing as well as in areas like trucks and equipment for distribution, upgraded technology and plastic manufacturing. We are also doing quite a bit of investment in the restaurant business and we will continue to look at other opportunities,” Mahfood stated.

Published in the Observer
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