Cargill, Louisiana Sugar Cane Products form production and marketing alliance
To construct and operate a million-ton-per-year sugar refinery at Cargill’s Terre Haute Marine Facility in Reserve.
03/11/05 Cargill Sugar North America and Louisiana Sugar Cane Products, Inc., (LSCPI) have announced their intention to form a joint venture to construct and operate a million-ton-per-year sugar refinery at Cargill’s Terre Haute Marine Facility in Reserve, La. LSCPI would provide the entire raw sugar production from its 10 sugar cane mills -- about 800,000 tons per year -- to the joint venture once it becomes operational. Cargill would sell and distribute refined sugar products from the joint venture to food and beverage customers.
Groundbreaking for the refinery is expected to take place in spring 2006 and production would commence by early 2008. The project is subject to completion of definitive agreements and corporate approvals by Cargill and LSCPI.
LSCPI is a cooperative representing 10 cane mills and their 700 growers. LSCPI markets about 75 percent of the raw sugar produced in Louisiana.
For Cargill, this would be the third marketing alliance with U.S. sugar producer groups in the past three years, but the first involving cane growers and millers. Cargill’s other U.S. sugar marketing alliances are with the Southern Minnesota Beet Sugar Cooperative and Wyoming Sugar Company, LLC.
Cargill is an international provider of food, agricultural and risk management products and services. With 124,000 employees in 59 countries, the company is committed to using its knowledge and experience to collaborate with customers to help them succeed.
LSCPI is a Louisiana marketing cooperative representing 10 sugar cane mills and approximately 700 growers in the marketing of raw sugar and molasses to customers. It markets about 800,000 tons of raw sugar annually.
