UK: Tate & Lyle Sugars may close London factory
The American owners of Tate & Lyle Sugars may be forced to close its London factory because of EU tariffs on sugar imports.
American Sugar Refining (ASR) said there is uncertainty over the viability of the 133-year old Tate & Lyle refinery at Silvertown in east London, which employs 850 people, in the midst of a legal row over the tariffs.
The company, which created Tate & Lyle Sugars after acquiring Tate & Lyle plc's sugar operations last year, is seeking EUR35m (US$47m) that it claims it lost due to tariffs on sugar cane imports. The tariffs, Tate & Lyle Sugars claims, are "prohibitively high" and unfairly stifle competition by favouring domestic producers of beet sugar.
An ASR spokesperson said the European Commission's (EC) tariffs are unfairly putting jobs at risk in Britain and throughout Europe.
He said: "At the moment we are operating at two-thirds capacity. We need access to raw cane sugar and if the EC does not give us a level playing field clearly there's a risk to the future of the business.
"They are putting European and British jobs at risk. We are not asking for anything unrealistic, just a level playing field that achieves the EC's goal of food security and keeps people employed in the industry. That's all we're after."
The EC says the tariffs are in place to guard against shortfalls in supply. A spokesperson said: "The Commission maintains that the regulations (contested by Tate & Lyle Sugars) represent a balanced policy towards the sugar market and will outline in detail policy reasons which led to their adoption."
Stevia has been widely used - with some success - in carbonated soft drinks and table-top sweeteners containing the ingredient continue to be launched. However, suppliers are increasingly looking at h...
Food certified as organic in the EU and the US will be able to be sold in either market, according to a new trade deal signed today (15 February)....
Tate & Lyle Sugars has entered into a consultation over the reorganisation of its UK operations, which will result in 30 job cuts....
Carrefour again grabbed the headlines this week, with speculation intensifying that there could be change of leadership at the company. just-food understands an announcement is due in days. Elsewhere ...
The European Commission is taking legal action against 14 EU member states that it thinks are failing to comply with new laws banning the keeping of hens in battery cages....
Müller's decision to bid for UK milk supplier Robert Wiseman Dairies was the first major M&A move of 2012 and sparked plenty of debate, with industry watchers arguing the German yoghurt maker will fac...
- General Mills US "priority" categories gain share
- Interview part 2: BRF CFO Augusto Ribeiro
- 2015 preview: Consumer trends that will shape NPD
- Interview part 1: BRF CFO Augusto Ribeiro
- 2015 preview: A better deal for M&A sellers
- General Mills earnings drop one-third
- Kraft to reappraise business, says new CEO Cahill
- Pork Farms "disappointed" over Kerry deal ruling
- Bimbo to buy Saputo's bakery arm
- UPDATE: Nestle ice cream sale a "local" decision