NAMILCO to invest $10B in state-of-the-art flour mill

See the full statement issued below: 

National Milling Company of Guyana, owned and managed by Seaboard Corporation, a diversified global agribusiness and transportation company, today announced a landmark investment of approximately GYD $10 billion to significantly enhance local production capabilities and capacity within Guyana’s flour milling industry.

This major 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.

“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 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.

In addition to this expansion, NAMILCO is actively engaging with 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 demonstrating its long-term confidence in the Guyanese economy, 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. 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.

This announcement follows the successful commissioning of NAMILCO’s Mixing Plant in 2023, inaugurated by President Dr. Mohamed Irfaan Ali. That facility marked a major step toward value-added food production in Guyana and laid the foundation for today’s investment.

“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.