capacity International Sugar Journal
Middle East – Continued expansion in sugar refining capacity is excessive, says a refinery CEO [Registered]
Speaking at the sugar conference in Dubai, Yves el-Mallat said “It is difficult to understand the logic behind two new refining facilities with combined capacity of 1.75 million tonnes in Saudi Arabia, for example”.
Saudi Arabia – Savola to invest US$68 mln to raise Jeddah refinery capacity [Registered]
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The company’s sales volume reached 1.32 mln tonnes in 2014, an increase of 16% from the previous year. The net revenue reached SAR 2.9 bln, up 4% from a year ago. Net income (standalone) for the year 2014 reached SAR 175 mln, an increase of 72%.