Nordzucker starts comprehensive transformation process
Nordzucker focuses entirely on sugar - in its core market of Europe and globally. Due to the significantly more volatile and highly competitive market environment, a comprehensive internal transformation process is being initiated with the aim of stabilizing the company in low-price phases and securing long-term profitability.
The sugar industry in Europe is facing enormous challenges: Following the sugar market reform, sugar prices have fallen drastically. Subsidies in major producer countries worldwide and in the EU create unequal competitive conditions. Bans on crop protection products in Europe lead to higher beet costs. Nordzucker anticipates an operating loss of 40 million Euro this year. Clearly negative results are also expected next year.