Tongaat Hulett targets to increase sugar output

Published 2024년 6월 25일

Tridge summary

Tongaat Hulett, a leading sugar producer in Zimbabwe, is planning to increase its sugar output by 7% in the financial year ending March 2025, following a period of production challenges that resulted in record lows last year. The company's managing director, Tendai Masawi, announced expectations to produce between 395,000 and 400,000 tonnes, up from 375,000 tonnes in the previous year, attributing the recovery to improved weather conditions and overcoming currency and spares shortage issues. This comes as Tongaat Hulett's South African operations have entered business rescue proceedings. The company's Zimbabwean operations are supported by a network of 1,200 farmers and are making significant progress in a 4,000-hectare sugar project called 'Kilimanjaro', which aims to employ underprivileged members of society and has already cleared and prepared 2,700 hectares of land for cultivation.

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Original content

Source: Tongaat Hulett targets to increase sugar output –Newsday Zimbabwe TONGAAT Hulett says it expects to increase sugar output by 7% during the financial year to March 2025 after record lows recorded last year. Managing director Tendai Masawi revealed this during a media tour in Chiredzi on Friday last week, adding that its Zimbabwean operations were recovering from production challenges. He said some of the challenges included bad weather, currency volatility, inflation and a lack of critical spares for mills, resulting in unscheduled stoppages. “Last year, we did 375 000 tonnes, from the two mills, one of our lowest production. This year we are looking at 395 000 to 400 000 tonnes of production,” Masawi said. Tongaat’s Zimbabwe units are made up of wholly-owned Triangle Sugar Estates and the 50,3% owned Hippo Valley Estates, which operate the country’s two sugar mills. However, Tongaat Hulett’s South African operations entered business rescue proceedings in October 2022. The ...

Source: Zimbabwesituation