São Paulo – The French Somdiaa group should invest over 300 million euros (US$ 371 million) in the African sugar industry, according to information disclosed by African news agency Panapress. The objective is to increase the production capacity in its several areas and proceed with its development and production plan for the 2012-2017 period, as well as helping in food self-sufficiency of the African nations.
The company has subsidiaries Sosucam, in the Cameroon, Sucaf RCI, in Ivory Coast, CST, in Chad, Sucaf, in Gabon, Saris, in the Congo, and Sucaf, in the Central African Republic. "With this plan we hope to strengthen our presence in the markets, to maximise sugar side-products to produce energy, for example," stated the director general of the group, Alexandre Vilgrain, in a press statement.
*Translated by Mark Ament
