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Investment Planned For Ethiopian Sugar Cane Crushing

08 July 2010

ETHIOPIA - Karuturi Global Ltd (KGL), one of the world's leading players in the floriculture industry, has revealed plans to spend $100 million (£65.9 million) on setting up a sugar cane crushing plant in Ethiopia.

According to the Economic Times, the processing facility, planned for 15,000 hectares (37,065 acres) of recently-purchased land, will have the capacity to crush more than 7,000 tonnes a day.

Ramakrishna Karuturi, managing director of the firm, told the newspaper: "We will invest $100 million in a phased manner to set up a sugar cane plant in Ethiopia."

He added that the first phase of the plant is "expected to be operational" by October 2010.

TheCropSite News Desk



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