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Tate & Lyle's Interim Report.

Tate & Lyle, tel:020 7626 6525, whilst continuing to refocus the Group towards higher-margin and higher-growth businesses, disposing of underperforming assets and eliminating costs wherever possible, have acquired the minorities in Amylum and Staley; as well as selling off the commodity Australian sugar business, at Bundaberg, and eight of the company's other smaller businesses.

The company have also announced that they have entered into a joint development agreement with DuPont's Bio-Based Materials business to develop the process that turns a carbohydrate base into 1, 3-propanediol, which is then used to manufacture DuPont Sorona[TM]. It is expected that a pilot plant for the process will be completed by the year-end.

In addition a range of organic sugars have been launched in the UK, and the company review of the European Union beet sugar regime is expected to be fully completed by March 2001.
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Publication:Food Trade Review
Article Type:Brief Article
Geographic Code:4EUUK
Date:Dec 1, 2000
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