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... proserpine also produces molasses and exports electricity as well as recently investing in facilities to manufacture and market furfural, a globally traded industrial chemical used in solvent extraction, foundry resins and pharmaceuticals
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... com: “we exited the [£1bn] eu sugar processing business last july, and got out of molasses last november
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... the move is in line with tat e& lyle's strategy, announced last july, to divest businesses in its struggling sugars division, including eu sugar refining, molasses and vietnamese sugar ... for gbp211m and in december it sold its molasses business to grain trader w&r barnett ltd for gbp67m
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... the firm said this offset eu and us competition in yeast, as did strong sales of feed enzymes and yeast extracts, but the company warned that higher chinese molasses prices had reduced operating margins; commissioning costs at its new yeast extracts factory in harbin is also set to adversely affect profits in the first half of 2011
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... tate & lyle has agreed the sale of its molasses business to w&r barnett for £67 million cash, a deal that is consistent with its strategy to dispose of its bulk ingredient operations and focus instead on specialty ingredients ... news of the sale comes as no surprise as the company said in its six month financial report, published at the start of november, that the discussions over the molasses business were on track
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... the disposal processes of the remaining businesses within our sugars division, principally molasses and vietnamese sugar, are progressing well
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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