Tongaat Hulett targets to increase sugar output

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 ...