date:Jan 24, 2014
French group Tereos, the world's fourth largest sugar producer and number three for starch in Europe, is establishing its presence in Indonesia with the acquisition in joint venture of 50% of Redwood Indonesia, the country's only corn starch facility. Redwood Indonesia, whose Cigading starch facility was inaugurated in the northeast of the island of Java in 2010, currently processes 330,000 tonnes of corn annually.
It produces and sells native starch and glucose syrups intended primarily for th