date:Jan 31, 2019
Suedzucker, Europes largest sugar refiner, said on Tuesday it planned to cut capacity and close sugar production plants to save about 100 million euros (87 million pounds) a year following a slump in sugar prices.
The company said it planned to reduce sugar production volumes by up to around 700,000 tonnes per year. It currently produces about 5.9 million tonnes of sugar a year, according to its website.
Suedzucker said the cuts would affect its German and other European operations, without gi