UK sugar, sweetener and starch manufacturer Tate & Lyle has said that it is committed to the targeted 30% increase in profit contribution from value added products.

Speaking at a seminar focusing on value added strategy, Tate & Lyle chief executive Iain Ferguson planned to tell his audience that the company intends to focus on value added products to boost earnings.

“In his conclusion, Iain Ferguson will comment on current trading and will reaffirm the statement made at the Annual General Meeting on 19 July 2006 that we continue to view the future with confidence and remain committed to our target for the profit contribution from total value added products to increase by 30% in the year to March 2007 from the £161m (US$301.7m) reported last year,” the company said.