History
The Charmers brothers built a mill at Penang in 1878. It was later transferred to Fraser and Company and then sold to Melbourne Trust Company in 1896. The mill was enlarged (with machinery from Mago Island, where a mill had closed in 1895) and the increased crushing capacity together with favourable weather conditions enabled the mill to operate independently. In 1922, as the price paid for the cane decreased, farmers began to abandon their farms and the mill had to shut down. Planting resumed in 1923 with the promise of higher cane prices in future. The mill reopened for crushing in 1925 but in 1926 was taken over by the Colonial Sugar Refining Company (CSR). In 1973, the Penang Mill, together with three other mills being operated by the CSR were sold to the Fiji Government-owned FSC. The Fiji Government is still the major shareholder in the Company.
Read more about this topic: Penang (Rakiraki) Sugar Mill
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