The supervisory board of Südzucker AG has agreed on the restructuring plan for the sugar segment suggested by the executive board. The restructuring plan envisages measures along the whole value chain, especially the adaption of production and administration structures. In this connection it is planned to close five sugar factories with an average annual total sugar production volume of about 700,000 tonnes, to streamline the capacities more alongside European market demand.

Following the campaign 2019 there should be two factory closures in Germany (Brottewitz and Warburg) and two factory closures at the French subsidiary Saint Louis Sucre (Cagny and Eppeville). The affected factory at the Polish subsi-diary Südzucker Polska (Strzyzów) should be closed earlier. In addition the company plans to further reduce administration costs.