News International Sugar Journal

Olam buys a sugar factory in Brazil [Registered]

The Singapore based Olam International is expanding its sugar interest in Brazil with the purchase of the sugar factory Usina Açucareira Passos S.A. (“UAP”) for BRL 255 million (US$128.8 million). Olam also plans to invest further US$111.5 million over the next five years to expand both cane production and crushing capacity. UAP owns and operates a sugar mill located in Passos within the state of Minas Gerais in Brazil’s Centre South, the country’s second largest sugarcane growing area. Its cane crushing capacity is 1.75 million metric tonnes producing 200,000 tonnes of sugar annually. The additional investment of US$111.5 million will…

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