Sugar Sector

Workers at Seven North Queensland Sugar Mills Walked Off

CSR-SugarThe CSR-owned Sucrogen's seven mills the Mackay, Herbert and Burdekin districts faced problems as its workers walked off over an enterprise bargaining agreement with CSR's sugar arm on Thursday.

The industrial action involves members of the Electrical Trades Union, the Australian Workers' Union, and the Australian Manufacturing Workers Union.

CSR Sugar Disapproves Another Bid from Bright Foods

China-Bright-FoodCSR Ltd has again disapproved an approach from China's Bright Food (Group) Co Ltd to acquire its sugar business, revealing that the proposal is not clearly superior to its demerger plans.

CSR had announced it planned to spin off the sugar division last June, which comprises seven sugar mills in Queensland refineries and an ethanol plant. In November, CSR raised $375 million from shareholders to fund the demerger.

Bright's $1.5 Billion Bid for Sugar Rejected by CSR

SugarCSR, the Australian group, is all set to turn down a $1.5 Billion takeover bid from China's Government-backed Bright Food Group for the purchase of its sugar business, stating that it would prefer to stand-by the previous de-merger plan.

In June 2009, CSR, which also manufactures building material, had announced its plans to spilt its sugar and renewable energy units into a separate firm altogether.

Chelsea Sugar brings the all-natural low GI LoGiCane sugar to New Zealand

LoGiCane sugar

The world's first all-natural 'healthier choice' cane sugar, LoGiCane, has been launched in all the supermarkets of New Zealand, by Chelsea Sugar. The low glycemic index (GI) sugar, like other low GI foods, provides lasting energy and increasing satiety, as it gets digested, metabolized and absorbed at a fairly slow pace.

Developed by the Australian Research and Development firm Horizon Science, LoGiCane has been independently tested and certified by the Glycemic Index Foundation.