page_title: Central Coloso
section_title: Decline and privatization
hierarchical_section_title: Central Coloso / History / Decline and privatization
caption_attribution_description: English: Comenzó como La Hacienda Caño Las Nasas allá para el 1830. Se convirtió en la segunda central azucarera establecida en Puerto Rico en 1875. Mientras fue propiedad de los Hnos. Vadi el azúcar y el ron producido les produjo buenos precios por su calidad. Fue comprada por los franceses en 1904 y finalmente vendida a la familia Bianchi. Se declaró en quiebra en 1921 y se convirtió en la Central Coloso Inc. bajo una reorganización. Fue vendida al Gobierno de Puerto Rico en 1977 y fue la última central en Puerto Rico en moler y producir azúcar. Cerró sus puertas en 2002. Información sobre Aguada en www.enlaceapuertorico.com.
context_page_description: Central Coloso, also known as Coloso Sugar Cane Refinery, was a long-running sugarcane refinery in Aguada, Puerto Rico. The refinery was established in late 19th century becoming one of the biggest sugar emporiums in the island. It remained operational until 2003 becoming the last sugarcane refinery to cease operations on the island.
context_section_description: The sugar industry started struggling towards the middle of the 20th century due to several reasons: high cost of production, declining sale prices, credit restrictions, and strikes among workers. Another factor was the industrialization of the island, which caused the shift of the local economy to move away from agriculture.
  Central Coloso continued to be administered as a private industry until 1972 when the Government of Puerto Rico leased it as part of a program to rehabilitate the sugarcane industry. In 1976, the government acquired Central Coloso through the Corporación Azucarera de Puerto Rico. This agency was created with the purpose of developing, improving, and intensifying the industry.
  During the 1980s, most of the sugar mills and refineries in the island had ceased operations, but Coloso maintained a considerable production tonnage. In 1986, sugarcane production was handed down to private companies.
  In the 1990s, the government started implementing a program of privatization of the Corporación Azucarera. In 1998, Coloso became the last operating sugarcane refinery in the island when Central Roig in Yabucoa ceased operations. After that, property and assets were transferred to private companies ending in 2000. Coloso continued to process limited sugarcane until 2003 when it officially ceased operations.
caption: Central Coloso, Aguada, Puerto Rico
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