Mauritius’ largest sugar company Alteo announced on 13th June that it would close its only refinery.
Meghna Group of Industries (MGI), a leading Bangladeshi business group, recently inaugurated Meghna Sugar Refinery at the Narayanganj district, Dhaka of Bangladesh, along with eight other new enterprises from cement to biscuit making, according to local press reports.
Saudi Arabia – New Durrah sugar refinery scheduled to be operational in March 2020 [Full subscriber]
The new Durrah sugar refinery in Yanbu is now scheduled to commence operations in March 2020, according to the CEO of Cosumar, Mohamed Fikrat.
Meghna Sugar Refinery Ltd, a sister concern of Meghna Group of Industries, has secured a loan of US$82 million from a consortium of foreign financial institutions to establish a sugar refinery plant at Meghna Economic Zone in Narayanganj, according to local press reports.
The Mozambican government recently announced that from 2019 the country will stop importing refined sugar from South Africa and from eSwatini (Swaziland) as new backend refinery becomes operational, according to local press reports.
Qatar is going to build a new sugar refinery to address lack of access to sugar supplies from refineries in the Gulf countries after the economic and political ties were cut off with Doha more than a year ago, reported Reuters.
Mitsui & Co. and Mitsui Sugar which jointly operate the Kaset Phol Sugar (KSP) mill are investing JPY37 billion (US$335.4 mln) for the construction of new sugar refinery and warehouse, according to a recent press release.
The Mazouz group will inaugurate its new sugar refinery with a capacity of one million tons per year on July 5, according to the CEO Ahmed Mazouz reported in the local press.
Etihad Food Industries has bought six cargoes, each of 42,000 tonnes, of raw Brazilian sugar from Geneva-based Alvean as it continues to negotiate for a new long-term contract, a senior executive at the Iraqi company said.
The Chinese company Tidfore Heavy Equipment Group has signed a US$200 million Memorandum of Understanding (MoU), with Benue State government for the construction of a sugar refinery in the state, according to local press reports.