OTHER NEWS - Dec. 21, 1992
Sugar Company Calls It Quits: Hawaii’s second-largest sugar plantation, Hamakua Sugar Co., will halt operations March 31 due to its overwhelming debt, the 109-year-old company announced. Hamakua will cease sugar production and begin liquidation of its assets in cooperation with its primary secured creditors, Western Farm Credit Bank and the Hawaii Production Credit Assn., which are owed $107 million, the company said. Hamakua’s 28,000-acre plantation stretches for 25 miles along the northeastern coast of Hawaii Island.
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