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17 November 2002

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British Sugar expands China operations with £5 million deal


British Sugar’s overseas division - which has its headquarters in Peterborough - has expanded its operations in China’s cane sugar industry with a £5 million equity investment in a joint venture company in the Guangxi Autonomous Region of South China.

The deal will take the British Sugar Overseas (BSO) subsidiary’s total sugar production at four sugar mills in China to well over 300,000 tonnes per year.

BSO managing director Harvey Davenport said: “We are delighted that we have been able to reach this agreement. Our existing joint ventures have shown that by sharing our experience and technology with our partners in growing, processing and marketing the crop we can significantly add value to these operations.”

Under the latest joint venture agreement, BSO has paid 63 million yuan ($US7.6 million) plus assumed debt, for a 70 per cent stake in the Bo Xuan company, which will be responsible for production at the Wuxuan sugar mill. BSO plans to expand the Wuxuan mill’s annual production to 100,000 tonnes of sugar.

BSO made its first investment in China’s cane sugar industry through the Bo Qing joint venture for the operation of the Shibie sugar mill in 1995. It subsequently invested in the Bo Hua mill and, last year, acquired a stake in the Huaiyuan sugar mill, which was absorbed into the Bo Qing joint venture.

BSO has established a reputation for helping increase production at cane sugar mills in which it becomes involved. Bo Qing processed just 200,000 tonnes of cane when the original joint venture was signed - this year, the company will process 1.3 million tonnes. In addition, BSO was instrumental in helping the Shibie sugar mill to become the first in the Far East to qualify for the ISO 9002 international quality assurance award.

Last year BSO hosted a visit to Britain by a delegation headed by the director general of China’s National Bureau of Light Industry to investigate the operations of the European Union’s sugar regime.

  • BSO also operates ten beet sugar factories in Poland, making it one of the largest foreign investors in the Polish sugar industry and accounting for nearly 200,000 tonnes of domestic sugar production.

October 2001

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Contact:
John Smith/Angela MacDougall
British Sugar 
Tel: 01733 563171 
Email: [email protected]

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