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New sugar refinery for Tema
Accra, Nov. 26, Ghanadot/GNA - Louis Dreyfus Commodities (LD
Commodities), commodity merchants and processors of
agricultural products, will build a 60 million-dollar sugar
refinery in Tema, the company said on Monday.
Mr Sam Waley Cohen, Communications Director of LD
Commodities told the Ghana News Agency in Accra that
construction of the 250,000 tonnes per annum sugar refinery
in the industrial area of Tema, along with LD Commodities'
commercial and industrial expertise, would bring the
technical know-how of sugar processing to Ghana.
The sugar refinery would also "provide employment to
hundreds of skilled Ghanaians through the construction
process and into production and will continue to grow and
further develop for many years to come."
Construction will begin next year and the first refined
sugar is expected to roll off the production line in 2009,
Mr Cohen, who is in Accra to finalise arrangements for the
refinery said.
LG Commodities said it was envisaged that the successful
operation of the refinery would be "the founding cornerstone
of a dynamic partnership between Ghana and LD Commodities
that could most possibly result in further investments in
the Ghanaian agri-industrial sector in the coming years".
"This substantial undertaking, together with the implied
social and financial responsibilities, will deepen LD
Commodities enduring commitment to Ghana, a country in which
we have been working over the last 10 years, to serve its
requirement in agricultural products."
Louis Dreyfus Commodities, which is present in over 40
countries in the world, has merchandised and traded bulk
commodities in international markets since 1851.
LD Commodities is ranked number one in world cotton
merchandising and is one of the three largest producers of
orange juice with a 15 percent share of the global market.
The company is also a leader in the grains and oilseeds,
sugar, coffee, rice, metals, freight and emerging financial
trading markets.
GNA
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