German sugar refinery Südzucker has urged the Polish Treasury to sign a sale contract relating to seven sugar factories owned by the Lublin and Malopolska Sugar Company (LMSC). If the Treasury refuses, Südzucker says it will claim damages for losses incurred by privatisation preparations, reports the Polish News Bulletin.
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Südzucker moved into Poland several years ago when the privatisation process was launched. The company has since become frustrated by the slow pace of reform and says it is being “treated as an intruder.”
The forthcoming Sugar Bill, which will be unveiled next month [August] sees all remaining unprivatised sugar factories become part of Polski Cukier, the new limited liability company which could well account for over half of all sugar production in Poland.
