Seprod is fully committed to growing through export and innovation and to do this we are engaged in a robust investment strategy throughout the business to ensure increased competitiveness, capacity, improved best practices and, ultimately, growth. In 2015 SEPROD committed to spending $J5B over the next two years. Investments to date include a new Tetra Pak line at Serge Island Dairy; a new oven at our biscuit factory (IBL); shade houses, a mix rationing machine and a complete irrigation system at Serge Island Farms; significant plant expansion at Jamaica Grain and Cereals Ltd.; a complete modernization of our cornmeal plant and investing in storage facilities at the wharf. These projects and other investments are exciting and a tangible display of our commitment to manufacturing in Jamaica. We will see significant productivity gains and growth from them in 2016 and 2017.
In 2017, Jamaica Grain and Cereals (JGCL), a member of the Seprod Group of Companies, upgraded its Cornmeal plant in a joint venture with Seaboard Corporation, by adding a state of the art flour mill with an investment valued at J$3B.