Sucro Limited ( (TSE:SUGR) ) has issued an update.
Sucro Limited has completed the purchase of a commercial property adjoining its cane sugar refinery development site in University Park, Illinois, from MB Central-Bond LLC, a company controlled by Sucro’s Vice President of U.S. Sales, Matthew Dyer. The acquisition, valued at US$1.043 million, will be integrated into Sucro’s existing refinery development project, potentially enhancing its operational capacity and market presence in the North American sugar industry.
More about Sucro Limited
Sucro Limited is a growth-oriented sugar company operating throughout the Americas, with a primary focus on the North American sugar market. The company operates a highly integrated sugar supply chain, sourcing raw and refined sugar from Latin America and its own refineries, delivering to customers in North America and the Caribbean. Since its inception in 2014, Sucro has expanded its network with two cane sugar refineries and an additional processing facility, with further developments underway in Hamilton, Ontario, and University Park, Illinois.
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Technical Sentiment Signal: Sell
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