Tongaat Hulett can grow its annual sugar production by 400 000 tonnes over the next four years without having to invest in new mills, largely on expected improvements in yields and extraction rates, CEO Peter Staude said yesterday. This would reduce unit cost production, given that most of the cost base was fixed, he said after Tongaat Hulett reported a 16.6% rise in headline earnings for the six months through September to R773m. Abdul Davids comments.
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