Guarani to add 3 million tons in sugarcane capacity, secures $1B in new financing

In Brazil, Bloomberg is reporting that Guarani will invest $475 million in expanding its cane-crushing capacity by 17 percent to 24.5 million metric tons, pledging to complete the expansion by 2015. The company said it has received more than $1 billion in new financing from BNDES, Rabobank International, BNP Paribas, Banco Bradesco SA, Credit Agricole SA, Itau Unibanco Holding SA and Natixis.

Last March, France’s Tereos group had announced that it would establish a new spin-off company, Tereos International, combining the assets of the Tereos investment in Brazil’s Guarani, Tereos grain operations in Europe, and sugarcane operations in the Indian Ocean.

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