The factory in Wales could only continue to operate with significant investment that would make little financial sense given the outlook for the industry in Guyana and throughout the world, Agriculture Minister Noel Holder said on 18th January.
Western officials announced earlier this year that the Torrington plant will close following the 2015 campaign, and sugar beets that would have been processed there will go Fort Morgan or Scottsbluff, where both plants are undergoing upgrades.
Director Bruno Denoulet said work at the facility will be limited to storage and packaging in the future. He cited the challenges arising from the upcoming 2017 sugar market reform, adding that “refined cane sugar costs EUR150 a tonne more than beet sugar.”
The French refiners have made losses of 3.5 billion euros ($3.8 billion) over the past six years, reported Bloomberg. The planned closure of the La Mède site follows the end of refining operations in Reichstett (Bas-Rhin), Dunkerque (Nord), Petit-Couronne (Seine-Maritime) and Berre (also Bouches-du-Rhône) over the last four years.