Tate & Lyle PLC invests in a Sugar plant in Israel

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Tate & Lyle, the global renewable ingredients company, today announced the formation of a joint-venture with an Israeli partner to build and operate a sugar plant in Israel. The joint-venture company will supply high quality sugars to a range of users in the Israeli market. This will partially replace traditional sugar imports from the European Union, which will be restricted following European sugar regime reform and the WTO ruling on exports. Tate & Lyle will acquire 65% equity in the new Company, the net assets of which will be £8.1m ($14.3m). “This investment is another example of how we are reacting positively to changes to the European sugar regime,” said Stanley Musesengwa, Chief Operating Officer, Tate & Lyle PLC. “It will enable us to continue serving our customers effectively by replacing our existing European Union exports to Israel. “Tate & Lyle has been exporting white sugar from its London-based refinery to Israel for over twenty-years and has built a reputation for high sugar quality, prompt deliveries and good customer service.” The plant will be designed by Tate & Lyle’s specialist engineering division, Tate & Lyle Process Technology.

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About Tate & Lyle PLC:  

Supported by our 165-year history of ingredient innovation, we partner with customers to provide consumers with healthier and tastier choices when they eat and drink. We are proud that millions of people around the world consume products containing our ingredients and solutions every day.  

Through our leading expertise in sweetening, mouthfeel and fortification, we develop ingredients and solutions which reduce sugar, calories and fat, add fibre and protein, and provide texture and stability to food and drink in categories including beverages, dairy, bakery, snacks, soups, sauces, and dressings.  

Tate & Lyle recently acquired CP Kelco, a leading provider of pectin, speciality gums and other nature-based ingredients to create a leader in mouthfeel, significantly enhancing our solutions capabilities. Following this combination, we now have more than 5,000 employees working in around 75 locations in 39 countries, serving customers in more than 120 countries. Science, Solutions, Society is our brand promise and how we will achieve our purpose of Transforming Lives through the Science of Food. By living our purpose, we believe we can successfully grow our business and have a positive impact on society. We live our purpose in three ways, by supporting healthy living, building thriving communities and caring for our planet.  

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. For the year ended 31 March 2024, and on a pro forma basis which assumes for illustrative purposes that the combination with CP Kelco took place on 1 April 2023, revenue for the enlarged Tate & Lyle Group would have been £2.25 billion. For more information, please visit www.tateandlyle.com or follow Tate & Lyle on LinkedIn, X (Twitter), Facebook or YouTube