International Sugar Journal

Mozambique – Tongaat Hulett to invest US$29 million to revive its two mills [Full subscriber]

The South African company Tongaat Hulett, the majority shareholder in the Xinavane and Mafambisse sugar mills, in the Mozambican provinces of Maputo and Sofala respectively, has promised to invest about ZAR500 million (US$28.7 million) to reactivate production, according to local press reports.

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Brazil – Jalles Machado secures US$55 million loan to upgrade its sugar production operations [Full subscriber]

IFC, a member of the World Bank Group, is providing US$55 million in long-term financing to Jalles Machado to modernize its sugar production operations that include both agriculture and factory processing.

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