The Consorcio Azucarero del Caribe (Conazucar), the Mexican sugar consortium, announced the sale of the mills it had acquired after winning a privatization tender to Pringamosa, a Dominican capital company. Pringamosa already operates other sugar mills it acquired in the same tender. Consorcio will pass for US$8 million the Haina, Ozama, Boca Chica, Consuelo and Quisqueya sugar mills. Conazucar is said to have been affected by financial problems in Mexico that impeded the firm from making the necessary investments in the DR. As a result, several of the mills had been abandoned. The operation has been approved by the Dominican government’s CEA, previous operator of the mills.
