Illovo To Invest US$790mn To 2015

South Africa's Illovo Sugar - Africa's leading sugar and cane producer - has announced plans to invest ZAR6bn (US$790.2mn) over the next five years as it looks to strengthen sugar production by nearly 50% to between 2.mn and 2.7mn tonnes per annum. Following the EU's decision to call time on its guaranteed price scheme to African, Caribbean and Pacific (ACP) countries, BMI expects a significant portion of Illovo's capital spending to 2015 to be aimed at capacity strengthening across its non-RSA subsidiaries.

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