Savola States Its Ambitious Goals

June 2008 | Company News Alert

Saudi Arabia's Savola Group has announced its ambitions of increasing its world market share of cooking oil from 2% to 10%, as well as to double its global sugar refining production capacity to 4mn tonnes over the next five years. Savola plans on achieving this stated goal by investing heavily in a series of acquisitions of existing firms and by purchasing farmlands in a number of foreign countries. The company has already increased its cooking oil output by over 100% over the last three years and has shown its willingness to invest aggressively in order to expand its operations and

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