NEW DEVELOPMENTS IN THE SUGAR AND ETHANOL INDUSTRY
Tuesday March 27 2012
Volume: 10 Issue: 14
Cane miller Usina de Acucar Santa Terezinha (Usacucar) plans to invest BRL500 mln ($1=BRL1.82) in mills and plantations, Bloomberg reported. BRL300 mln are to be spent on a new mill in Mato Grosso do Sul due to start operations in 2015. The company further plans to spend BRL200 mln to develop plantations at its eight existing mills. The first BRL160 mln are to be spent to develop 50,000 ha of plantations in April, the company announced.
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