Thailand’s Khon Kaen sees double-digit revenue growth next year
Khon Kaen Sugar Industry KSL.BK, Thailand’s fourth largest sugar producer, expects revenue could grow as much as a fifth next year, fuelled by expansion and a bumper sugarcane crop in 2012/13, the company’s chief executive said on Monday… Chalush said sugar production from factories in Laos and Cambodia, in which the company had invested a few years ago, would also rise to 30,000 metric tons next year, from 27,000 metric tons now, because of good crops. “All of the production from Laos and Cambodia will be for export to Europe under the EBA import tariff privilege,” Chalush said. The European Union’s EBA, or “Everything But Arms”, initiative permits imports without tariff from 49 poor countries, including Laos and Cambodia…
http://www.reuters.com/article/2012/09/24/us-thailand-sugar-idUSBRE88N05S20120924
