PERU: Cerro Prieto to build new sugar refinery
In spite of the global oversupply of processed sugar, Peruvian company Empresa Agricola Cerro Prieto announced that it will invest US$85m in a sugar production and processing project. It involves cultivating over 4,500 hectares of sugar cane and building a sugar refinery. The refinery will process up to 4,000 tonnes of cane per day, of which 1,500 will be supplied by growers outside the project. Development of the land involves an investment of between US$25m and US$35m. The money will be used to buy a total of 5,764 hectares of land, develop areas to be cultivated and build a canal approximately 12 kilometres long. The development stage is scheduled to take 24 months to complete.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- Comment: Meal kits in US - don't believe the hype
- US food next wave on display at Winter Fancy Food
- Column: Kraft Heinz, Unilever and sustainability
- Unilever 'lining up spreads sale'
- UK own-label firm Park Cakes sold in MBO
- Immigration crackdown "risk" for US dairy industry
- BRF plant suspended amid bribery allegations
- Fonterra cuts earnings forecast