News International Sugar Journal

TSB Sugar plans to invest in a new build sugar factory in Mozambique [Registered]

TSB Sugar, a wholly owned unit of investment group Remgro, will be the majority shareholder in a group that plans to spend $740 million (R6.5 billion) on cane production and new sugar factory in Mozambique, reported Bloomberg. The mill would be built at Massingir, near the South African border, said Vusi Khoza, TSB’s general manager for corporate communications. The plan “is to commence seed-cane planting by the middle of 2013”, Khoza said recently. This would depend on the company obtaining a land-use permit and signing an investment agreement with the Mozambican government, he added. TSB wanted to expand into Mozambique,…

Login or sign up

Create an account

Lost your password?