Südzucker

Major German sugar producer From Wikipedia, the free encyclopedia

Südzucker AG (German pronunciation: [ˈzyːtˌtsʊkɐ], literally South sugar) is a German company, the largest sugar producer in the world,[2] with an annual production of around 4.8 million tonnes.

Company type
Aktiengesellschaft
PredecessorZuckerraffinerie Genthin Edit this on Wikidata
Quick facts Company type, Traded as ...
Südzucker AG
Company type
Aktiengesellschaft
FWB: SZU
SDAX
IndustryFood processing
PredecessorZuckerraffinerie Genthin Edit this on Wikidata
Founded1926
HeadquartersMannheim, Germany
Key people
Dr. Niels Pörksen (CEO and spokesman of the executive board), Hans-Jörg Gebhard (Chairman of the supervisory board)
ProductsSugar, starch, processed fruit products, frozen and chilled pizza, bioethanol
Revenue€7.6 billion (2021)[1]
€123 million (2021)[1]
Total assets€8.441 billion (February 2022)[1]
Total equity€3.699 billion (February 2022)[1]
Number of employees
18,019 (2021)[1]
Websitewww.suedzucker.de/en/
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In February 2014, Germany’s Federal Cartel Office imposed a joint fine of 280 million euros on the company – together with its competitors Nordzucker and Pfeifer & Langen – for allegations of anticompetitive agreements.[3]

History

Share of 1000 RM of Süddeutsche Zucker-AG from March 1927

Südzucker traces its origins to Süddeutsche-Zucker-AG, which was formed in 1926 through the merger of five regional sugar factories (Zuckerfabrik Frankenthal AG; Zuckerfabrik Heilbronn AG; Badische Gesellschaft für Zuckerfabrikation; Zuckerfabrik Offstein AG; Zuckerfabrik Stuttgart). Its corporate predecessor is Zuckerfabrik Frankenthal AG.[4] In 1837, the Badische Gesellschaft für Zuckerfabrikation purchased Eremitage Castle in Waghäusel from the Grand Duchy of Baden and, on the castle’s 13‑hectare grounds, established the Waghäusel sugar factory, which operated until 1995.[5][6] During World War II, almost all of the company’s production capacity was destroyed, and after the war it also lost the plants located in the Soviet occupation zone to expropriation. In the 1950s, the remaining factories were rebuilt and expanded. In 1988, the company merged with Zuckerfabrik Franken GmbH of Ochsenfurt and was renamed Südzucker Mannheim/Ochsenfurt, with its headquarters in Mannheim and major administrative offices in both Mannheim and Ochsenfurt.[7]

Inauguration of a new Südzucker Moldova biogas factory with Octavian Armașu being interviewed

From 2004 to 2016, Octavian Armașu, future finance minister and governor of the National Bank of Moldova, served as CFO of the Moldovan branch.[8][9]

Group segments

Sugar segment

The company has 30 sugar factories and three refineries in Austria, Belgium, Czech Republic, France, Germany, Hungary, Moldova, Poland, Romania, Slovakia, and Bosnia-Herzegovina.

Beet sugar factory in Brottewitz (Germany) of Südzucker AG

Special Products segment

CropEnergies segment

CropEnergies AG,[10] Mannheim (bioethanol production) operates 4 production sites in Germany (Zeitz), Belgium (Wanze), France (Loon-Plage), and the UK (Ensus Ltd in Wilton). The Zeitz plant is located adjacent to the beet sugar factory.[11]

Fruit segment

Fruit preparations

Südzucker has 26 production sites in Argentina, Austria, Australia, Belgium, Brazil, China. Czech Republic, Fiji, France, Germany, Mexico, Morocco, Poland, Russia, Serbia, South Africa, South Korea, Turkey, Ukraine, and the United States.

Fruit juice concentrates

Südzucker has 10 production sites in Austria, China, Denmark, Hungary, Poland, Romania, and Ukraine.

See also

References

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