Odebrecht to sell Atvos. Brazilian construction company Odebrecht offered creditors control of the Atvos Agroindustrial sugar and ethanol unit (formerly Odebrecht Agroindustrial) as the main alternative for debt restructuring.
Croatian sugar companies join forces. Tvornica šeera Osijek d.o.o. and Viro Tvornica šeera d.d. with its 100% subsidiary Sladorana d.o.o., have signed a contract to form “Hrvatska industrija šeera” (Croatian sugar industry).
Tereos and dissenting growers at odds. Tereos and the Association for the protection of Tereos’ cooperators (ADCT) disagree on the date of an extraordinary General Assembly.
Suiker Unie to set up a solar farm. Cosun’s sugar will install 14 ha of solar panels around its specialty food factory at Puttershoek by 2020. That would be enough energy to run the factory entirely on solar energy.
Two more countries allow neonicotinoids. Denmark and Finland joined the list of neonicotinoid user countries for beet seeds.
AB Sugar revenue down 12% in 1Q-2018/19. Looking ahead, AB Sugar is seeing early signs of recovery in EU sugar prices.
Mitsui to acquire COFCO participation. Mitsui Sugar of Japan will acquire a 20% share of COFCO Sugar Liaoning Co., which operates a refinery in China.