Savola States Its Ambitious Goals

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

To read the full article, please choose one of the following options: