Thursday, June 24, 2010

Cargill to build sugar plant in Egypt

Cargill Inc., the largest U.S. agricultural company, won approval to build a sugar refinery in Egypt, the country’s Industrial Development Authority said.The facility will have an initial investment cost of $70.5 million and is scheduled to start operations in 2012, Amr Assal, chairman of the agency, said Monday in an interview in Cairo.“There is huge demand for sugar in Egypt,” Assal said. “So

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