 |
- Illovo Sugar (Malawi) Limited, listed on Malawi Stock Exchange
- Two agricultural estates: two factories with refineries
- Produces raw and refined sugar, speciality sugars
- 5 646 permanent employees
- 4 247 seasonal agricultural workers at peak
- DIFR: 0.08 (2014: 0.11)
- DIFR group target: <0.25
|
- One agricultural estate and factory
- Produces raw sugar, marketed domestically by industry marketing association
- 972 permanent employees
- 4 806 seasonal agricultural workers at peak
- DIFR: 0.07 (2014: 0.09)
|
- Three agricultural estates; four sugar factories; one refinery, three wholly-owned downstream plants; 50% share in distillery; 30% investment in a further sugar factory and refinery
- Produces raw and refined sugar; syrup; and downstream products
- 2 240 permanent employees
- 1 567 seasonal agricultural workers at peak
- DIFR: 0.10 (2014: 0.15)
|
- One agricultural estate, factory and refinery
- Produces raw and refined sugar, direct consumption sugars marketed by Swaziland Sugar Association
- Commissioning in April 2011 of major factory expansion and power co-generation project
- 1 193 permanent employees
- 1 727 seasonal agricultural workers at peak
- DIFR: 0.18 (2014: 0.12)
|
- Two agricultural estates: two sugar factories, treated as one enterprise, ethanol distillery
- Produces raw sugar and potable alcohol
- 868 permanent employees
- 3 301 seasonal agricultural workers at peak
- DIFR: 0.11 (2014: 0.03)
|
- Zambia Sugar Plc, listed on Lusaka Stock Exchange
- One agricultural estate: largest capacity factory in Illovo group; one refinery
- Produces raw and refined sugar, speciality sugars, syrup
- 1 919 permanent employees
- 4 528 seasonal agricultural workers at peak
- DIFR: 0.12 (2014: 0.18)
|
 |
- Corporate office – Limbe
- Dwangwa – Mid-central region
- Nchalo – Southern region
|
Manhiça district, north of Maputo |
- KwaZulu-Natal
Group head office
|
|
|
- Nakambala – South-western region
- Corporate office – Lusaka
|
 |
- Increase volume of speciality sugar supplied to the EU
- Implement Nchalo agriculture improvement plan
- Increased sugar production
|
- Yield improvements supported by irrigation upgrades
- Increased sugar production
- Agriculture investment including land preparation and replant
|
- Continue to extract additional supply-chain benefits from new warehouse
- Maintain sugar production levels
- Introduce CI initiative
- Evaluate energy-efficiencies to continue reducing coal usage
|
- Increased sugar production
- Implementation of further conversions to pivot irrigation
- Increase power exports to 50 GWh
|
- Full-year, efficient operation of distillery
- Review distribution network and expand prepack domestic market
- Increased sugar production
- Ethanol production above 12 million litres
|
- Continue to progress project for increased refining capacity and addition of ethanol production
- Increased sugar production
- Improvement of cane yields
|
 |
- Difficult economic climate including high inflation and borrowing rates eroding affordability of domestic sugar
- Disappointing factory performance at Nchalo
- Sugar production 283 000 tons (2014: 289 000 tons)
- Lower export prices, particularly in the EU and difficult domestic market conditions
- Decreased volume of speciality sugar 34 000 tons (2014: 39 000 tons) due to factory performance issues
- Average cane yield 103 tons per hectare (2014: 101 tons)
- Average factory capacity utilisation 79% (2014: 77%)
|
- Higher estate cane yields through normalised season length
- Sugar production 92 000 tons (2014: 82 000 tons)
- Average cane yield 86 tons per hectare (2014: 80 tons)
- Average factory capacity utilisation 76% (2014: 78%)
- Agriculture investment and irrigation upgrades deferred to following financial year
|
- Sugar production 16% lower at 586 000 tons (2014: 698 000 tons) due to frost and drought damage
- Continuing to realise supply chain benefits from centralised warehouse
- Average cane yield 54 tons per hectare (2014: 72 tons)
- Average factory capacity utilisation 72% (2014: 75%)
- Substantial decrease in world exports to 130 000 tons (2014: 209 000 tons) following effective import tariff implementation
- Cost saving and CI initiatives implemented to lesson impact of drought
|
- Sugar production 249 000 tons (2014: 251 000 tons)
- Average cane yield 93 tons per hectare (2014: 96 tons)
- Average factory capacity utilisation 77% (2014: 79%)
- Increased power co-generation and increase in exports into the national grid to 47.8 GWh
|
- Improved yields and factory performance
- Sugar production 126 000 tons (2014: 117 000 tons)
- Improved control over low priced imports increases domestic sales volumes, including prepack volumes
- Average cane yield 88 tons per hectare (2014: 84 tons)
- Average factory capacity utilisation 81% (2014: 77%)
- Achieved ethanol production of just over 12 million litres
|
- Record sugar production 424 000 tons (2014: 393 000 tons) from strong factory performance and favourable weather conditions
- Average cane yield 118 tons per hectare (2014: 111 tons)
- Approval of refining capacity expansion
- Lower export prices, particularly in the EU, offset by strong domestic market and increased allocations into regional markets
- Average factory capacity utilisation 87% (2014: 88%)
|
 |
 |
 |
 |
 |
 |
 |
 |
- Slow economic growth and high inflation impacts negatively on domestic demand
- Domestic price affordability
- Impact of lower world sugar price on regional export prices
- Import restriction into key regional markets
- Adverse currency movements and high cost of borrowings
- Currency rate volatility
|
- Weather and flooding
- Lower EU and world market prices
- Continuing sugar imports while awaiting establishment of import tariff protection
|
- Weather – impact of drought from 2014/2015 season
- Sugar industry review
- Resolution of land claims
- Lower world market prices although risk reduced due to lower industry production
- Volatility in markets for downstream products
|
- Sugar industry review and restructuring
- Delays in agricultural initiatives supporting outgrower development although funding now secured
- Lower EU and world sugar prices
|
- Long-term cane supply from outgrowers
- Uncontrolled sugar imports even with improved import tariff protection now in place
- Elections due to be held pose risk of market disruption
|
- Lower EU prices
- Impact of low world sugar price on regional export prices
- Currency rate volatility
- Regional sales reliant on required permits and customs clearance from neighbouring countries
|
 |
- Increase volume and quality of speciality sugar supplied to the EU facilitated by the new Nchalo packing station and warehouse
- Increased refined sugar make for region
- Review domestic distribution model
- Continue Nchalo agriculture improvement plan
- Increased sugar production
- Maximise value from molasses
|
- Yield improvements supported by irrigation upgrades
- Increased sugar production
- Look to diversifying sugar offering
- Agriculture investment including land preparation and replant
- Effective import structure
|
- Continue realising cost saving initiatives
- Realising a full year of CI benefits
- Cost mitigation whilst Umzimkulu is closed for the season
- Encouragement of cane development
- Realising benefits of diversification through strong performance in downstream business
- Implementation of energy-efficiency and coal usage reduction project
|
- Implement energy efficiency optimisation project
- Maximise co-generation performance and export into national grid
- Maximise refined sugar sales opportunities into region
- Final assessment of furfural downstream project
|
- Grow domestic prepack market and further refine local distribution network
- Increase sugar production
- Effective import structure in place to eradicate illegal imports
- Optimisation of the distillery to further stretch production
|
- Safe construction of the new refinery project
- Maintain sugar production levels
- Continue to assess the viability of an ethanol project
|
