Sugar sales soar

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Related tags: Ingredients company danisco, European union, Danisco

Danish ingredients company Danisco said on Monday that its output
last year hit a record high exceeding its European Union quota by
more than 17 per cent.

Danish ingredients company Danisco said on Monday that its output last year hit a record high exceeding its European Union quota by more than 25 per cent.

Danisco's sugar production reached an all-time high of 1,360,000 tonnes in the 2002 beet campaign with factories in Denmark, Sweden, Finland, Germany and Lithuania beating the record in 2000, when output totalled some 1,345,000 tonnes of sugar.

The total sugar output in the four EU member countries Denmark, Sweden, Finland and Germany exceeded Danisco​'s EU quotas by some 25 per cent, while production in Lithuania was above the factories' national quota, reported the company.

According to Danisco, the large sugar output was helped by favourable growth conditions, resulting in record-high sugar yields in several countries, and efficient production.

Mogens Granborg, executive vice president and COO of Danisco said: "We're highly satisfied with this year's production. The numerous initiatives we are taking to optimise our business are delivering results and contribute to consolidating our position among the leading European sugar producers.

At the same time, sugar yield per hectare has steadily increased over the past few years helping to provide the basis for continued high-quality sugar production in the Nordic region."

The news will be welcomed by the Danish company that last month launched a high-profile branding campaign to stress the focus of the company - food ingredients and sugar.

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