Ethio-Sugar eyes acquisition of two sugar plants in privatisation deal

ETHIOPIA – Ethio-Sugar Manufacturing Share Company, a newly established sugar company, has started negotiations to acquire pioneering state-owned sugar producers Wonji-Shoa and Metehara Sugar Plants. According to the company’s management, the negotiations of the acquisition […]

Ethiopian government to privatize 13 sugar factories to improve efficiencies

ETHIOPIA – The Ethiopian government has embarked on the process of privatizing 13 sugar factories that are operational or under construction as it seeks to enhance efficiency and improve productivity. According to Addis Fortune, the […]

Agrana and Amalgamated Sugar forms JV to construct US$45m betaine plant

EUROPE – The sugar and starch processing company, Agrana has joined forces with US-based Amalgamated Sugar to build a US$45 million (€40 million) betaine crystallization plant in Austria. Construction of the facility has started at […]

Dangote Sugar Refinery posts US$96.24m Profit as leading sugar producer in Nigeria

NIGERIA- Dangote Sugar Refinery in Nigeria has reported a profit before tax of US$96.24 million during its full year results for the financial year ended 31st December 2018. The Nigeria Stock Exchange Listed firm grew […]

Nigeria’s Golden Sugar Company reaffirms commitment to develop value chain

NIGERIA – The Golden Sugar Company, a subsidiary of Flour Mills of Nigeria (FMN), has reaffirmed its commitment to the development of sugar value chain in Nigeria. The sugar company said that it will continue […]

Nordzucker invests US$114m in Swedish sugar production factory

SWEDEN – The European second largest sugar manufacturer, Nordzucker AG has said that it will be investing US$114 million (100 million euros) at its sugar production factory in Örtofta, Sweden. The company said the move, […]

Coca-Cola Amatil switches to 100% sustainably accredited sugar in Australia

AUSTRALIA – Coca-Cola Amatil has announced that 100% of sugar used in its non-alcoholic beverages in Australia is sourced from independently accredited growers who follow sustainable production frameworks. The sugar contracts running to 2021 will […]

Mondelez International names Vince Gruber head of European business

EUROPE – The American multinational confectionery, food, and beverage company, Mondelēz International has appointed Vince Gruber head of the European business. He has taken over the role of Executive Vice President & President Europe for […]