Canadian sugar refiner to double capacity in Ontario

HAMILTON, ONT. — Sucro Can Canada said it will more than double sugar refining capacity at its Hamilton, Ont., refinery to meet growing sugar demand from Ontario food manufacturers.

The expansion will allow the Hamilton refinery to reach 200,000 tonnes annual capacity by 2024. It’s the third major expansion in a five-year period.

“Sucro Can has innovated and invested in micro sugar refineries to serve its rapidly increasing customer base with competitive alternatives and supply chain excellence not previously available,” said Jonathan Taylor, founder and chief executive officer of Sucro Can. “Not only is Sucro Can growing faster than any other Canadian sugar refiner, but it is the only sugar refinery in Canada that is logistically interconnected with a refinery across the US border in Lackawanna, NY (scheduled to open later in 2022). Collectively, these two refineries offer unparalleled opportunities and solutions for North American food manufacturing customers.”

The Ontario sugar market is one of, if not, the fastest growing sugar markets in North America with customer demand projected to continue growing at above market averages for several years, the company said.

“Sucro Can is ideally positioned to meet this increased demand, with increased capacity beginning in 2023,” said Eli Cohen, vice president of sales and operations at Sucro Can Canada. “We expect Sucro Can’s market share in Ontario to exceed 25%.

“Sucro Can’s sugar refinery is the first built in Canada in over 60 years and has provided much needed capacity, competition and innovation in the Canadian sugar market. Through its unique refinery design and logistics, Sucro Can is able to increase capacity at a significantly lower cost than its competitors.”

Sucro Can Canada is a wholly owned subsidiary of Sucro Sourcing, established in 2014 and is one of, if not, the largest sellers of organic sugar in North America. The Hamilton refinery opened in 2019 and produces both conventional and organic sugar. Sucro Sourcing LLC is based in Coral Gables, Fla., and includes Sucro Sourcing Mexico and Sucro Sourcing Caribbean Ltd. in addition to Sucro Canada Inc. Sucro Sourcing has 5 processing facilities, 15 storage locations, 9 regional transfer stations and 4 logistical centers. 

Source link

Latest

Horses and people rescued from floods in Sydney

Footage shows horses and people being rescued from floods...

VP Harris visits site of July 4 parade shooting

Vice President Kamala Harris visited Highland Park, Illinois on...

Jan. 6 Hearings to Resume Next Week With Focus on Domestic Extremists

WASHINGTON — The House committee investigating the Jan. 6...

Boris Johnson scrambles to save himself

Press play to listen to this article LONDON — Boris Johnson isn’t going anywhere — at least not for now. Despite losing his Chancellor Rishi Sunak...

Trudeau: Canada first NATO ally to ratify membership bids by Finland and Sweden

Helsinki and Stockholm applied to join NATO in May, less than two months after Russia’s full-blown invasion of Ukraine. Canada’s blessing Tuesday to bring the...

Black Sea grain deal is close, says Erdoğan

ROME — Moscow and Kyiv may be just days from finalizing an agreement to allow millions of tons of Ukrainian grain to pass through...