Seprod will open the Jamaica Grain and Cereals subsidiary's newly refurbished state-of the art multi-grain milling operation.
The multi-billion dollar joint venture initiative with Seaboard is said to be one of the largest industrial investments in Jamaica in decades.
The investment marks the company's foray into flour production, a move which now sees the company producing counter flour, baking flour, whole wheat flour and specialty value-added products.
The outlay also covers the construction of a grain terminal at the port.
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