An organization brand of Suedzucker Group is pictured on the headquarters in Mannheim, Germany March 12, 2019. REUTERS/Ralph Orlowski
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BERLIN, June 25 (Reuters) – German sugar producer Suedzucker (SZUG.DE) plans “important” worth hikes to offset rising prices and prepares to shift to coal as Russian fuel provides to Western Europe sluggish within the wake of the Ukraine warfare, the Mannheimer Morgen newspaper reported on Saturday.
“The prices of beet cultivation and vitality are rising, and these are two important blocks of manufacturing,” Chief Govt Niels Poerksen mentioned in an interview with the newspaper.
“If there was no worth improve, it might be troublesome to come back out of the enterprise with any revenue,” he mentioned.
The corporate can also be ramping up shares to be used on the crops the place coal may also be used as not all Suedzucker factories are outfitted to run on different vitality sources if there is no such thing as a extra fuel, Poerksen informed the newspaper.
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Reporting by Zuzanna Szymanska; Modifying by Emelia Sithole-Matarise
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