German group Südzucker AG will continue investing in Moldova despite the problems caused by severe drought this year; its total investments have already exceeded 100 million euros
German investor Südzucker AG, the largest sugar producer in Europe and the parent company of Südzucker Moldova, reiterates its firm support for Moldova despite the problems caused by the severe drought this year, according to a statement from Südzucker Moldova. The German group is one of the biggest investors in Moldova's industrial and agricultural sector. Despite this year's economic challenges, the company maintains its commitment to Moldovan farmers, contributing to both economic development and food security by ensuring a constant sugar production. “Since we started our presence here, we have invested more than 100 million euros in Moldova. This means both jobs and substantial contributions to the state budget. Even though we are facing great challenges, as 60% of the sugar beet crop is at risk, Südzucker AG supports Moldova and will continue to invest in the country. Support for Moldova remains firm and support for the local industry and farmers is a priority,” said Rainer Schechter, CEO Südzucker Sugar Division (Germany). According to him, the 100 million euros invested in Moldova over the last 20 years have contributed to the creation of jobs, transfer of technologies and know-how, bringing innovations to the local market, as well as supporting the state budget through fees and taxes. The Südzucker AG group provides quality products, supports domestic production and has a significant impact on the economy and society. Südzucker AG is Europe's largest sugar producer with a global presence in the food industry and a long tradition of supporting sustainable agriculture. The company, founded in 1926, employs about 20 thousand people and produces more than 4 million tons of sugar annually. Südzucker Moldova is the undisputed leader in sugar production in Moldova, with 23 years of experience in the local market. Südzucker Moldova works closely with local farmers, supporting the development of agriculture and making a significant contribution to the country's economy. // 16.10.2024 - InfoMarket.
