NAMILCO to invest $10 billion to boost Guyana’s flour milling and food security

The National Milling Company of Guyana (NAMILCO), owned and managed by Seaboard Corporation, has announced plans to invest approximately $10 billion to expand its flour milling operations and strengthen Guyana’s food security and production capacity.

The investment will finance the construction of a new state-of-the-art processing mill, expanded wheat storage facilities, and an upgraded wharf to meet both domestic and export demand. The company said the move underscores its long-term commitment to Guyana’s agri-industrial growth and regional food security.

“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 Jack Bresky, CEO and 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,” he added.

The new processing mill is expected to enhance local production capacity and create jobs across technical, operational, and logistical sectors. The project will also introduce modern technologies and training programmes to develop local expertise in advanced milling operations.

NAMILCO is also collaborating with the Government of Guyana to explore the commercialisation of local cassava flour production — an initiative aimed at diversifying the country’s flour range, promoting agricultural innovation, and advancing food self-sufficiency.

Seaboard said it is further conducting due diligence into potential investments in integrated pork production and processing, as well as liquefied natural gas (LNG) distribution. These exploratory ventures reflect the company’s broader strategy to develop value chains across food production and energy infrastructure, which it described as “key enablers of sustainable national growth.”

The announcement follows the commissioning of NAMILCO’s Mixing Plant in 2023, inaugurated by President Mohamed Irfaan Ali, marking an earlier milestone in the company’s value-added food production drive.

“Our continued investment demonstrates our strong belief in Guyana’s economic potential and our commitment to contributing to its long-term industrial growth. Together, we’re building a stronger, more resilient food system for the Caribbean and beyond,” Bresky added.

Construction on the new facilities is expected to begin in the first quarter of 2026, with commissioning targeted for 2027.