KSC eyes investments

Poland’s major sugar producer Krajowa Spółka Cukrowa (KSC) will invest some PLN 200 million in the course of the next two years, the company’s CEO Marek Dereziński told daily Puls Biznesu. The funds will mostly be used to increase the production capacity of KSC’s units. Some may also be spent on acquisitions. “We would like 20 percent of the company’s revenue in 2017 to come from sources other than sugar production, which now stands for 95 percent,” Dereziński said. KSC is controlled by the State Treasury. The company has twice been in privatization processes that were later abandoned. On Thursday the ministry held a meeting with sugar-beet growers on the sale of the company and later said that an agreement was reached.