UK sugar and sweetener group Tate & Lyle has reported generally good trading at its two main starch and sweetener businesses, Staley in the US and Amylum in Europe.
Tate & Lyle said in a routine update that its trading had remained in line with its own expectations since the group’s last update at the end of January.
For the financial year through to 31 March 2003, Tate & Lyle said it expected Amylum to perform better than in the previous year and that benefits were flowing through earlier than expected from its full integration into the group.
In the US, Staley has increased profits from food ingredients this year, but its citric acid business has suffered due to strong competition, reported Reuters.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData