Category: Sugar Sector News

India: Independent refineries near ports planned

A report by the Business Standard said that a process to build independent sugar refineries near ports might be in the making.

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Permanent link to this article: http://www.iuf.org/sugarworkers/india-independent-refineries-near-ports-planned/

Australia: CSR’s Demerger Plan Rejected by Court

Australia Federal Court has rejected CSR’s demerger plan, which would have seen the company’ splitting its sugar and building materials businesses, based on the uncertainty that the company would face when future asbestos-related claims. The demerger would have created Sucrogen comprising the company’s sugar and renewable energy segments.

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Permanent link to this article: http://www.iuf.org/sugarworkers/australia-csrs-demerger-plan-rejected-by-court/

China – Australia: Bright Foods Interested in CSR

Here come the Chinese. The Chinese food conglomerate Bright Foods, through its subsidiary Shanghai Sugar, Cigarette & Wine, has expressed its interest in acquiring CSR sugar and energy business for USD 1.4 billion in cash.

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Permanent link to this article: http://www.iuf.org/sugarworkers/china-australia-bright-foods-interested-in-csr/

La Réunion and Tanzania: French Tereos to Acquire Majority Stake in Quartier Français

Pending approval by the competition authorities, the French company Tereos will acquire the majority stake in Société Sucrière du Quartier Français, part of the Quartier Français Group.

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Permanent link to this article: http://www.iuf.org/sugarworkers/la-reunion-and-tanzania-french-tereos-to-acquire-majority-stake-in-quartier-francais/

Mozambique: Massingir ethanol project cancelled

The Mozambican government cancelled the Procana project, a major ethanol-sugar production venture in Massingir in the Gaza province in the country’s southern region, after the company failed to develop its production plans.

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Permanent link to this article: http://www.iuf.org/sugarworkers/mozambique-massingir-ethanol-project-cancelled/

Brazil-China: Petrobras and PetroChina Evaluate Joint Ethanol Production

Two major state-owned companies, the Brazilian energy giant Petrobras and PetroChina, signed on 23 December a six-month memorandum of understanding to explore joint projects to produce cane-based ethanol in Brazil and export it to China.

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Permanent link to this article: http://www.iuf.org/sugarworkers/brazil-china-petrobras-and-petrochina-evaluate-joint-ethanol-production/

Kenya: Mumias Sugar Into Diversification and Foreign Investments

Mumias Sugar Company, Kenya’s largest sugar company, has launched a KES 3.5 billion (USD 45 million) project to build an ethanol distillery plant in order to diversify its revenue base. The company also plans to spend some KES 23.4 billion (USD 31.14 million) in acquiring other sugar operations in the country and in the region …

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Permanent link to this article: http://www.iuf.org/sugarworkers/kenya-mumias-sugar-into-diversification-and-foreign-investments/

India – Brazil: Renuka Sugars Acquires Brazilian Company

In the first operation of its kind, India’s largest refiner Shree Renuka Sugars (SRSL) has acquired the sugar and ethanol producer Vale Do Ivai (VDI) in southern Brazil.

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Permanent link to this article: http://www.iuf.org/sugarworkers/india-brazil-renuka-sugars-acquires-brazilian-company/

Jamaica: Italian Eridiana Sadam Interested in Three SCJ Factories

A delegation from Italy’s Eridania Sadam arrived in Jamaica intending on doing a feasibility study with a view to acquisition of three SCJ factories still awaiting divestment, reported local newspapers.

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Permanent link to this article: http://www.iuf.org/sugarworkers/jamaica-italian-eridiana-sadam-interested-in-three-scj-factories/

Guyana: New Management Team for GuySuCo

Permanent link to this article: http://www.iuf.org/sugarworkers/guyana-new-management-team-for-guysuco/