Informed sources told the paper that during a recent trade mission to Singapore, an executive from Singapore-based agribusiness giant, Wilmar International, which operates eight sugar mills in Queensland, expressed his displeasure to Mr Robb on the matter.
Mark Flegenheimer, Michigan Sugar Company President said the Croswell location will receive a complete upgrade which includes fluming system, beet slicers, lime kiln and the beet juice tanks as well as new centrifuges.
This could be the start of a broader capital strike in the Queensland sugar industry as the other owners of sugar mills contemplate doing business under the restrictive rules imposed by the new regulation.
“It was compounded by farmers opting to send most of their harvest to other millers because they were able to recover more sugar from canes. But we’ve been improving our recovery rate since last year,” said Arcadio Lozada, RHI chief operating officer.
The wholly foreign-owned company from India started operating in the province in 2001 with an initial capacity to process 2,500 tcd for making export-quality refined sugar and white sugar. As scheduled, the expansion and the increase in production capacity of the factory will take place in Cung Son and Son Ha communes of Son Hoa district during the 2015/16 and 2017/18 seasons.
The BBI is a €3.7 billion innovative partnership that was officially launched in July 2014. Driven by a novel cross sector industry grouping, the BBI focuses on using Europe’s biomass and wastes to make high value products and bring them to market.
Illovo Group financial director Mohammed Abdool-Samad said the expansion project involves the planting of more than 10,000 hectares of cane notably over 6,600 hectares from out growers.