France’s second-largest sugar maker Cristal Union made a €69 million (US$84.5 million) profit in the year to Jan. 31 in 2020/21, its chief executive told Reuters on 26th May.
France – Cristal Union to plans to invest €24 million to reduce GHG emissions from its plants by 35% by 2030 [Full subscriber]
In a bid to reduce greenhouse gas emissions (GHG) by 35% by 2030, Cristal Union is going to invest €24 million along with the state aid of €10 million under the France Relance plan.
The French sugar cooperative Cristal Union said on 18th April that it is to shut down two of its beet sugar factories amidst low global sugar price which has impacted its profitability.
Following tests with a small group of farmers in 2017 and 2018, the French sugar co-operative Cristal Union is considering increasing the production of organic beet sugar, according to the press release on its website.
France – Cristal Union scraps previous pricing mechanism for beet growers amidst market volatility [Full subscriber]
The sugar co-operative Cristal Union is scrapping minimum price for tonnage of beet for farmers as it expects sugar prices to fall further in 2018, reported Reuters.
Cristal Union, the European Union’s fourth largest sugar producer, stated recently that weeks of dry weather in Europe is expected to hit sugar production and exports, reported Reuters.
France – Cristal Union expands beet acreage and invests €80 mln in increasing processing capacity [Registered]
Ahead of the abolition of sugar quotas in October this year, the Cristal Union cooperative group is expanding acreage of the 2017 crop to 177,000 from 145,000 in 2016 said CEO Alain Commissaire, according to local press reports.
France’s Cristal Union Group has acquired a 17% stake in Croatia’s largest sugar producer, Viro’ Tvornica secera d.d, from Marinko Zadro, the company’s largest private shareholder, according to a Viro press release.
French sugar and ethanol cooperative Cristal Union has bought the remaining shares in the sugar and sweetener distributor Eridania Sadam, in which it already had a 49% stake. It bought the remaining shares from the Italian group Maccaferri for an undisclosed amount, Cristal Union said in a statement.
The bio-isobutene plant is expected to have a capacity of 50,000 tonnes and will be operational by 2019. It will be sited at one of Cristal Union’s sugar beet factories