Tate & Lyle PLC invests in a Sugar plant in Israel

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Tate & Lyle, the global renewable ingredients company, today announced the formation of a joint-venture with an Israeli partner to build and operate a sugar plant in Israel. The joint-venture company will supply high quality sugars to a range of users in the Israeli market. This will partially replace traditional sugar imports from the European Union, which will be restricted following European sugar regime reform and the WTO ruling on exports. Tate & Lyle will acquire 65% equity in the new Company, the net assets of which will be £8.1m ($14.3m). “This investment is another example of how we are reacting positively to changes to the European sugar regime,” said Stanley Musesengwa, Chief Operating Officer, Tate & Lyle PLC. “It will enable us to continue serving our customers effectively by replacing our existing European Union exports to Israel. “Tate & Lyle has been exporting white sugar from its London-based refinery to Israel for over twenty-years and has built a reputation for high sugar quality, prompt deliveries and good customer service.” The plant will be designed by Tate & Lyle’s specialist engineering division, Tate & Lyle Process Technology.

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About Tate & Lyle: 
Supported by our 160-year history of ingredient innovation, we partner with customers to provide consumers with healthier and tastier choices when they eat and drink. We are proud that millions of people around the world consume products containing our ingredients every day.

Through our expertise in sweetening, fortification, and texture, we develop ingredient solutions which reduce sugar, calories, and fat, add fibre and protein, and provide texture and stability in categories including beverages, dairy, bakery, snacks, soups, sauces, and dressings.

We have more than 3,500 employees working in around 57 locations across 39 countries. Science, Solutions, Society is our brand promise and how we will achieve our purpose of Transforming Lives Through the Science of Food. By living our purpose we believe we can successfully grow our business and have a positive impact on society. We live our purpose in three ways, by supporting healthy living, building thriving communities and caring for our planet.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2023, Tate & Lyle revenue from continuing operations totalled £1.75 billion. For more information, please visit https://www.tateandlyle.com or follow Tate & Lyle on LinkedinX (Twitter)Facebook or YouTube