MOLDOVA: Four sugar refineries merged in Südzucker consolidation
The German concern Südzucker has consolidated its hold on the Moldavian sugar market, unifying three refineries with a fourth major plant. During November and December of this year the Drokiya-sakhar plant will be merged with those at Alexandren, Falesht and Dondyushen, and then be renamed Südzucker-Moldova. Throughout the rest of 2000, Sudzucker has announced plans to invest between US$4.85m-5.66m, believing that the current prices of sugar on the Moldavian market are inadequate considering the costs incurred during production.Südzucker has controlled the major 49% stake in the four plants since 1999, with the other leading shareholder, BC Moldova-Agroindbank owning 20%. Last year, the refineries produced 36000 tonnes of sugar in total.
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
- Interview: Sir Kensington's on sale to Unilever
- Analysis: Post discusses rationale for Weetabix
- Who will buy Danone's Stonyfield business?
- Interview: "Disruptive" snack brand Hippeas
- Column: Why snacking is the new meal
- Unilever buys US condiments maker Sir Kensington's
- Ice cream helps Unilever sales, food flat
- Nestle organic growth slows but beats expectations
- Dairy dampens Danone in Q1
- Icelandic to sell Saucy Fish Co. owner Seachill