“It’s legal – but is it moral?” asked an article on UK The Guardian referring to big transnational corporations taking advantage of legal schemes to reduce their tax contribution to the national treasures of the countries in which they operate. As it is the case raised by a year-long investigation by a British NGO, ActionAid, …
Category: Sugar Sector News
Permanent link to this article: http://www.iuf.org/sugarworkers/abf-illovo-sugar-and-zambia-sugar-in-the-million-dollar-tax-dance-and-the-workers/
Complant is a Chinese transnational corporation that currently operates the Savè Factory, which was jointly established in 1973 by Benin and Nigeria.
From 1973 to 1981, management of the factory was under the Save Sugar Company (SSS), and it saw an interruption of business for over six years due to mismanagement and the period of …
Permanent link to this article: http://www.iuf.org/sugarworkers/benin-an-overview-of-complant-sugar-company-in-benin-sucobe/
Complant est une société transnationale Chinoise qui exploite actuellement l’Usine de Savè, créée en 1973 par les Etats Béninois et Nigérian.
Permanent link to this article: http://www.iuf.org/sugarworkers/benin-un-apercu-sur-la-sucrerie-complant-du-benin-sucobe-sa-de-save/
On 30 July the Jamaican government and the Chinese company Complant signed documents to divest the final three sugar estates under the Sugar Company of Jamaica (SCJ): Monymusk, Bernard Lodge and Frome.
Permanent link to this article: http://www.iuf.org/sugarworkers/jamaica-chinese-company-completes-buying-of-scj-estates/
The China-based Complant International Sugar Industry Company Limited (CISICL) agreed on July 12 to buy for USD 9 million the Frome, Moneymusk and Bernard Lodge factories still owned by the Sugar Company of Jamaica (SCJ).
Permanent link to this article: http://www.iuf.org/sugarworkers/jamaica-chinese-company-to-buy-state-owned-sugar-factories/
Australia’s CSR has sold Sucrogen to Singapore’s Wilmar International Limited for AUD 1.75 billion (USD 1.5 billion), after rejecting offers by Shanghai’s Bright Food Group. CSR is the world’s second-largest exporter of raw sugar; it accounts for 40 percent of Australia’s raw sugar production, and is Australia’s largest producer of sugar-based ethanol and renewable energy …
Permanent link to this article: http://www.iuf.org/sugarworkers/australia-csr-sucrogen-sold-to-singapores-wilmar/
Tate and Lyle has sold the historic Thames refinery in Silverton, London to American Sugar Refining (ASR) for 211 million British pounds (GBP). The transaction was announced on 1 July, and ends 130 years of sugar operations for T&L. The GMB union, that represents workers in the Silvertown refinery, has been assured that operations will …
Permanent link to this article: http://www.iuf.org/sugarworkers/united-kingdom-tate-lyles-sells-thames-refinery/
Shree Renuka Sugars Ltd. or SRSL, has finalised an agreement with Grupo Equipav of Brazil to acquire at least a 50.79 majortiy stake in Equipav S.A. Açúcar e Alcool (Equipav).
Permanent link to this article: http://www.iuf.org/sugarworkers/india-brazil-indian-shree-renuka-sugars-acquires-majority-stake-in-equipav/
The first month and a half of this New Year 2010 has seen a short and intense sugar happening in Brazil. An instance of those cases for which the Spanish word “coyuntura” is an adequate definition: an event that combines several important and relevant factors in a specific economic, political or social area; in this …
Permanent link to this article: http://www.iuf.org/sugarworkers/brazilian-cosan-how-giants-may-indeed-have-feet-of-clay/
Internet-based reports said that cane cutters in the Central American countries are working overtime to increase production and cover increased demand from Mexico. In Guatemala’s Pantaleon mill, cutters have raised their daily tasks from 6 to 10 tonnes of cane, while Central American millers expect to face no problems in covering Mexican sugar requirements.
Permanent link to this article: http://www.iuf.org/sugarworkers/central-america-rush-to-meet-mexico-sugar-demand/