The Ludus sugar rebrands, it invests EUR 10 million
The Ludus Sugar Factory, owned by Tereos, the biggest producer of sugar in France changes its name in Tereos Romania and intends to take a loan worth EUR 10 million, according to the press release of the General Assembly of the shareholders. 2014-04-30 23:29:54
Tereos took over the Zaharul Ludus factory ( Mures county) and Zaharcom in 2012 to supply the industrial clients in Eastern Europe. The factory was previously controlled by Franco Roumanie de Sucrerie, the subsidiary of the French group Sucreries du Marquenterre Group.
The sugar factory in Ludus produces 34,000 tons of sugar per year and is supplied by 500 farmers whose sugar beetroot crops cover 5,000 ha, according to Tereos.
In 2012, Zaharul Ludus SA had an average number of 213 employees and recorded a turnover of 171.6 million lei (39 million euro) more than two times, and a net return of 30.5 million lei ( EUR 7 million) almost three times higher. Zaharul Ludus took the shares away from BVB at the beginning of 2010.
The Tereos group was a shareholder of Zaharul Ludus until 2007, when they sold their share of 50 percent which he owned to Sucreries du Marquenterrre, which became a single shareholder.
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