German sugar maker Suedzucker to raise prices, shift to coal power -report
BERLIN (Reuters) – German sugar producer Suedzucker plans “vital” value hikes to offset rising prices and prepares to shift to coal as Russian fuel provides to Western Europe sluggish within the wake of the Ukraine conflict, the Mannheimer Morgen newspaper reported on Saturday.
“The prices of beet cultivation and power are rising, and these are two vital blocks of manufacturing,” Chief Government Niels Poerksen stated in an interview with the newspaper.
“If there was no value improve, it could be tough to come back out of the enterprise with any revenue,” he stated.
The corporate can be ramping up shares to be used on the crops the place coal may also be used as not all Suedzucker factories are geared up to run on different power sources if there isn’t any extra fuel, Poerksen instructed the newspaper.
(Reporting by Zuzanna Szymanska; Modifying by Emelia Sithole-Matarise)
