Tate & Lyle enters into agreement with Jamaican government for supply of raw sugar
Tate & Lyle announces that it has entered into a pre-financing agreement with the Jamaican government for the supply of raw sugar. The agreement requires the supply of 100,000 tonnes of raw sugar to Tate & Lyle during the 2011 calendar year, of which approximately 40 percent is expected to be received during Tate & Lyle’s financial year ending 31 March 2011.
Ian Bacon, Chief Executive, Tate & Lyle Sugars commented: “We are delighted to have concluded this agreement which continues our long history of partnership with the Jamaican sugar industry. The agreement represents another important step towards meeting the strategic supply objectives of our European Sugars business"
Tate & Lyle is a world-leading renewable food and industrial ingredients company, serving a global market from more than 45 production facilities throughout the Americas, Europe and South East Asia. Our efficient, large-scale manufacturing plants turn agricultural products, corn and cane sugar, into valuable ingredients for our customers. These ingredients add taste, texture, nutrition and increased functionality to products that millions of people around the world use or consume every day.
Tate & Lyle’s range of leading branded food ingredients includes SPLENDA® Sucralose, PROMITOR™ Dietary Fiber, STA-LITE® Polydextrose, Tate & Lyle Fairtrade Sugar and Lyle’s Golden Syrup. Tate & Lyle also produces branded industrial ingredients including Bio-PDO™, Ethylex® and Sta-Lok® paper starches; and staple ingredients such as high fructose corn syrup, sugar, ethanol, citric acid and basic starches. In addition to providing a wide range of ingredients our expert sales and product applications teams support customers by providing technical advice and proprietary consumer insight studies.
Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2009, Tate & Lyle employed 5,718 people in its subsidiaries and joint ventures, and sales totalled £3.55 billion. http://www.tateandlyle.com.
SPLENDA® is a trademark of McNeil Nutritionals, LLC
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