ABF Sugar 'mothballing' two beet sugar factories in China

摘要

ABF Sugar recently announced that it is "mothballing" two of its smallest beet sugar factories in north China due to decline in sugar prices impacting profitability."As a result of much lower sugar prices our operations in China will be loss-making this year. It is anticipated that sugar prices will continue at this level for some time and we have sought to reduce our cost base" Associated British Foods said, in a trading update for the six months to early March, the first half of the group's financial year.