News International Sugar Journal

Shree Renuka Sugars Brazil operations file for bankruptcy protection [Registered]

The company’s total debt in Brazil is at BRL3.3 billion (US$803 million), said Tony Rivera, legal director at Renuka do Brasil SA, speaking to Bloomberg. Renuka do Brasil Participacoes controls Sao Paulo-based Renuka do Brasil SA and Parana-based Renuka Vale do Ivai SA with combined crushing capacity of 13.6 million metric tonnes of cane annualy. The company said that it has enough cash to continue its operations for the entire season.…

Login or sign up

Create an account

Lost your password?