Fiji Sugar Corporation (FSC) has outlined several strategies it believes will enable the company to achieve sufficient profits and cash flow over the next two to three years. This information is detailed in their 2024 annual report.
Key initiatives mentioned include establishing large-scale sugar plantations, implementing cost-reduction measures, making revenue-generating investments, enhancing the marketing of Sugars of Fiji, and improving the efficiency and performance of the mills along with the quantity and quality of cane supplied.
The report asserts that the directors and management are actively executing appropriate plans and strategies, along with a comprehensive work plan and milestones to meet their objectives.
Management is also collaborating closely with project engineers and contractors to enhance the efficiency of the upgraded mills and machinery across three facilities.
FSC emphasizes that it is engaging technical expertise where necessary to facilitate financial restructuring, streamline operations, and effectively market the Sugars of Fiji brand for improved value.
Additionally, the corporation is in the process of identifying and selling various non-core assets. There are plans to modernize and upgrade the rail transportation system, including rail trucks and locomotives, as this is viewed as the most cost-effective means of transporting cane to the mills.