Sudzucker in sticky situation as KSC announces feed plans

National sugar company Polski Cukier (KSC) has unveiled plans to use three sugar plants which are currently being closed down to process and dry lucerne for animal feed. However, the first concern to express an interest in such a project was Germany's Sudzucker, which has interests in sugar plants in Ropczyce and Włostów, where they planned to launch the new line. KSC controls 43% of shares in Ropczyce and 2% of shares in the Włostów sugar plant. "I had to present the idea to KSC, as it is a shareholder, and I did so several months ago. At that time we were at a very advanced stage," said Ropczyce president Stanisław Misztal. "In July KSC with support from State Treasury representatives, which holds the golden share, suspended the Shareholders' Meeting and postponed it till August. No decisions were made which would allow us to go on with the project. I think that they have done so because they want to use our idea," Misztal concluded. According to market experts only two such companies could operate on the domestic market. (Puls Biznesu, p. 7) A.K.