Tereos invests R$60m to rise sugarcane crushing capacity by 1m tonnesValor International
France´s Tereos, owner of Guarani group in Brazil, is investing R$ 60 million to expand crushing capacity at its sugarcane plant in Tanabi, in the west of São Paulo state, Jacyr Costa Filho, director for the company's Brazil region, told Valor.
The investment, expected to be ready for the 2018/19 harvest, adds 1 million tonnes to the current 3 million tonnes of installed capacity at the Tanabi mill, one of the seven owned by the group. As a result, the total installed capacity under the umbrella of Teoreos in Brazil will grow 5% to 21 million tonnes. On top of that, between February and May Teoreos will add another 5,000 hectares to its sugarcane area through leases, which will be harvested in the 2018/19 cycle. In 2016, the company increased its cultivation area by 3,000 hectares, which will be harvested in the next season (2017/18), between April and November.