The sugar cooperative Cristal Union announced on January 27 that it is raising the price of sugar beet supplied to its factories to €45/tonne for the 2023/24 campaign compared to just over €40 during the 2022/23 campaign. The price is based on a beet sugar content of 16%.
France – Explosion at Cristal Union’s sugar factory in Bazancourt [Full subscriber]
An explosion occurred in the Cristal Union factory in Bazancourt (Marne) at 9 am on January 7. No injuries are reported. No one was in the affected area at the time of the incident.
France – Cristal Union to forego beet pulp drying to conserve energy during the 2022/23 campaign [Full subscriber]
High gas prices and access to its supply has prompted Cristal Union, one of the top French sugar producer, to forego beet pulp drying during the 2022/23 campaign, according to Pascal Hamon, Industrial Director.
Cristal Union posts 40% increase in net profit in 2021/22 [Full subscriber]
The cooperative sugar group Cristal Union posted a net profit of €97 million (US$102 million) in the 2021/22 financial year, up 40% from €69 million a year earlier, on the back of the price surge in sugar, alcohol and bioethanol.
France – Cristal Union to invest €100 million to store water produced from beet during processing and install biogas units [Full subscriber]
One of the top French sugar producer Cristal Union is planning to invest €100 million at its plants to store water recycled during sugar beet processing as well as install methanizers to produce biogas from wastewater effluent.
Cristal Union secures €1 billion refinancing [Full subscriber]
The cooperative group Cristal Union announced on 27th January a €1.0 billion (US$1.12 billion) refinancing agreement which it has decided to link to environmental, social, and governance (ESG) criteria, including the reduction of greenhouse gas
France – Two workers at Cristal Union’s sugar factory seriously burned [Full subscriber]
Two maintenance workers who worked at the Cristal Union sugar refinery, located in Villers-Faucon, in the east of the Somme, were badly burned on the morning of 9th November. They were sprayed with jets of boiling water. An investigation is underway
Cristal Union returns to profit in 2020/21 [Full subscriber]
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.
France – Cristal Union to shut two beet sugar factories [Full subscriber]
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.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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