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|Bulk Materials International: For bulk handling and transportation professionals worldwide.
Published: May/June 2017
Sweet tasting investments
From October this year, the EU will abolish its minimum price and production quota for beet. This may create some opportunities for imports of cane sugar, but it could also facilitate price-competitive beet exports. In order to meet the expected growth, Euroports is investing in its existing sugar terminals in Antwerp and in Le Havre to expand storage and handling capacity.
Euroports is currently also investing almost €30M in its terminal in Antwerp, and is considering further investments to meet demands for extra capacity, which will only increase in the near future, thanks to the liberalisation of the European sugar market. In Le Havre, Sucre Océane, the joint venture of Euroports and SHGT, which specialises in bulk sugar logistics, is increasing capacity with an investment of €12.5M. Sucre Océane handles and stores sugar for leading shippers such as Tereos, Cristal Union and the Saint-Louis Sucre cooperative groups....
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This complete item is approximately 300 words in length, and appeared in the May/June 2017 issue of Bulk Materials International, on page 1.
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