The Fiji Sugar Corporation Limited was incorporated in Fiji by an Act of Parliament in 1972 to take over the milling activities with effect from 1st April 1973. It is successor to SPSM Limited and CSR Limited. In 2006 the Fiji Sugar Corporation Act was repealed allowing it to be governed solely under the Companies Act.
The Government of Fiji is a major shareholder which owns 68% of shares while statutory bodies, local companies and individuals own the rest of the shares.
The Fiji Sugar Corporation Limited (FSC), the largest public company in Fiji was incorporated in Fiji by an Act of Parliament in 1972 and commenced operations from the 1st of April 1973. The Government of Fiji is the major shareholder. FSC is the largest private sector employer with a workforce appropriately 2,350 during the crushing season.
FSC owns and operates four sugar mills for the conversion of sugar cane into raw sugar. These mills at Lautoka, Rarawai and Penang on Viti Levu, and Labasa on Vanua Levu can crush approximately 2 million tonnes of cane and produce 200-250 thousand tonnes of sugar in a season. The crushing season has an average length of 28-30 weeks, extending from late May to early December. The mills operate on a 24x7 basis during the crushing season. Maintenance in these mills can be categorized as:
- Overhaul – During the non-crush season a complete overhaul is performed on each mill
- Scheduled Cleaning – Scheduled mill down-time for cleaning and maintenance.
- Non-scheduled Maintenance – Repairs to plant due to breakdown.
The Sugarcane Industry is important to Fiji’s economy as it contributes about 1.7 percent of GDP, generates about 8.0 percent of total exports with a total foreign earnings of $159.6 million in 2013, based on the provisional data from RBF. Unlike many other export-oriented industries, most production inputs are domestic and have a high regional impact and cross-sectoral linkages.
In addition, FSC owns and maintains a railway network on which sugar cane is transported to its mills. This is based on 732 km of railway track, 2,000 of portable lines, 76 locomotives and 9,800 cane trucks. FSC on behalf of the industry is responsible for the storage, marketing, delivery and sale of raw sugar to customers in Fiji, the Pacific and rest of the world.