Hamilton, Ont. – Sucro Can Sourcing LLC, a growing integrated sugar refiner, has announced its plans to build Canada’s largest sugar refinery at the Port of Hamilton, Ont., on lands owned by Hamilton-Oshawa Port Authority.
The new refinery, located at the Port of Hamilton’s Pier 15, will be the largest in Canada, with an expected future annual refining capacity of 1 million metric tonnes, representing an estimated investment of $135 million Cdn, the company said in a news release.
“The sugar markets in both Canada and the United States are experiencing steady, long term, sustainable growth, and Sucro is investing to supply these growing market demands,” said Jonathan Taylor, founder and CEO of Sucro. “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 United States has been stagnant for years,” Taylor said. “Especially in Ontario, where the demand for sugar is growing at one of the fastest rates in North America.”
Ontario’s food and beverage manufacturing sector is the third largest in North America with manufacturing revenues of more than $48 billion. The sector has more than 45,000 establishments in the province, employing over 104,800 people.
Sucro Can’s focus on improving its customers’ supply chains is a key reason for choosing the Port of Hamilton as the location for its new refinery.
The new plant is expected to open in 2025.
