Egypt’s Delta Sugar will start construction on two plants next year and is seeking to acquire land for a third factory, Al-Mal newspaper reported, citing Chairman Abdelhamid Salama.
Bloomberg cited the paper as reporting that the company will invest LE 3 billion ($517 million) in the factories to be built in Sharqiya and Daqahliya, each to produce 150,000 tons of sugar when production starts in 2013.
Al-Alam Al-Youm reported that Delta Sugar will establish three production lines each with a capacity sufficient to accommodate a harvest of 200,000 feddans of sugar beet annually. This comes as part of the company’s plan to begin producing sugar only from sugar beet beginning in 2011, AlembicHC reported in a note.
