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Posts Tagged ‘sugar’

Excess sugar may cause heart attacks later

heart attackTeenagers fond of too much of sugar in their diet are likely to face a higher heart attack risk as adults. A study found that teens who consume elevated amounts of added sugars in drinks and foods are more likely to have poor cholesterol and triglyceride profiles which may lead to heart disease later in [...]

Nuts too can pile on the pounds

Swapping a chocolate bar for a handful of healthy nuts is no insurance against piling on the pounds. Research shows that dieters who snack on nuts, seeds or dried fruit could actually be putting on weight, rather than losing it. Nuts and seeds often contain unhealthy amounts of saturated fat, while dried fruit is usually [...]

Kelsey Grammer Offered $1 Million To Endorse Website Targeting May-December Lovers

Veteran TV star Kelsey Grammer has been offered $1 million to endorse a dating website for wealthy older men and younger women who love their wallets. The proprietors of SugarSugar.com, an unorthodox dating website, say they are offering thee thrice-wed actor the hefty sum to by their pitchman, hot on the heels of the Cheers [...]

Noble Group +2.5%; Brazil mills deemed positive

Noble Group (N21.SG) is +2.5% at $2.09 on the prospect of a boost to earnings from 2 sugar cane mills in Brazil it’s paying US$950 million ($1.25 billion) to acquire.

Both mills generated a combined net profit of $64.9 million for the FY ended April.

DMG, which has a Buy call with a $2.58 target, says while the consideration is expensive as it’s priced at 25x P/E, the move is positive, with rising sugar prices suggesting stronger earnings prospects.

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Sugar CRM Customer Relation Management Software for Today Posted By : CRM Logic

Sugar CRM is an organized method using software to manage customer relations from initial contact to after-sales support. Each contact point with a customer is a chance to excel and after a customer has turned from a lead into a sale, customer relations continue. Each type of customer interaction may take place with a different department and CRM software is a way to ensure that the customer passes from department to department without ever getting lost in the cracks. Satisfied customers are wha

Olam sets up US$200m sugar venture in Nigeria: Update

Olam International, a commodity supplier backed by Singapore’s Temasek Holdings Pte, plans to set up a US$200 million ($261.9 million) sugar-refining venture at a port in Nigeria to tap growing demand in the nation.

Olam will have an 80% stake in the operation with the Lababidi Group, an African company with interests ranging from wheat milling to port real estate, holding the rest. Half the investment will be debt-funded, with the remainder contributed by each partner in line with their equity, Olam said today in a Singapore stock exchange statement.

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Singapore’s Olam says enters US$200 mln Nigerian sugar venture

Singapore’s commodity company Olam International (OLAM.SI) said on Friday it has entered  into a joint venture to set up a US$200 million ($261.7 million) sugar refinery in Nigeria.

The company, in which Singapore state investor Temasek Holdings (TEM.UL) has 14% stake, said it controls 80% of the venture, while Lababidi Group holds the remaining 20%.

“The total project cost amounts to approximately US$200 million, which is expected to be phased over three years from FY 2011 to FY 2013,” Olam said in a statement.

 
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Olam sets up US$200m Sugar Venture in Nigeria: Update

Olam International, a commodities supplier backed by Singapore’s Temasek Holdings, said it plans to set up a US$200 million ($261.7 million) sugar refining venture at a port in Nigeria.

Olam will hold an 80% stake in the operation with the Lababidi Group, a diversified African company with interests ranging from wheat milling to port real estate, holding the rest. Half the investment will be debt-funded, with the remainder contributed by each partner in line with their equity, Olam said today in a Singapore stock exchange statement.

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Olam up on US$200m Nigerian sugar venture

Shares of Singapore commodities firm Olam International (OLAM.SI) rose as much as 3.6% on Friday after it said it has entered a joint venture to set up a US$200 million ($261.7 million)  sugar refinery in Nigeria.

At 0134 GMT, Olam shares were up 3.3% at $3.17 on a volume of 3.5 million shares.

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Olam enters into US$200m Nigerian sugar venture

Commodity company Olam International (OLAM.SI) said on Friday it has entered into a joint venture to set up a US$200 million ($261.5 million)sugar refinery in Nigeria.

The company, in which Singapore state investor Temasek Holdings (TEM.UL) has 14% stake, said it controls 80% of the venture, while Lababidi Group holds the remaining 20%.

“The total project cost amounts to US$200 million, which is expected to be phased over three years from FY 2011 to FY 2013,” Olam said in a statement.

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Olam sets up US$200m sugar refinery joint venture in Nigeria

Olam International said it will form a joint venture with the Lababidi Group which will invest about US$200 million ($261.5 million) to set up a sugar refinery in Nigeria. Olam will have an 80% stake in the venture, it said in a statement to the Singapore exchange. The project will be funded by equity and debt, it said.

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IndoAgri looks to up palm oil, sugar output: Update

Indofood Agri Resources (IndoAgri) (IFAR.SI), Indonesia’s top cooking oil seller, expects crude palm oil output to rise by 5-10% next year after flat growth this year as rains hindered plantation.
 
IndoAgri, a unit of giant noodle maker Indofood Sukses Makmur (INDF.JK), will also acquire more land for sugar in Indonesia, pitting it against the world’s biggest listed palm oil firm, Wilmar (WLIL.SI), which is also expanding its sugar landbank.

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New CRM Software release by Sugar Posted By : Pete Kilby

Sugar 6, a CRM software, is changing the way businesses deal with their customers.

Olam eyes growth in sugar, palm oil assets: Update

Diversified commodities firm Olam International (OLAM.SI) aims to boost production volume by 15-20% annually as it expands into upstream sugar and palm oil ventures, its chief executive said on Friday.

Group managing director and CEO Sunny Verghese said Olam was eyeing 10,000 hectares of sugar plantations in Indonesia, Brazil or Africa to set up a crushing plant with a yearly capacity of at least 2 million tonnes.

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Olam eyes 15-20% vol growth; sugar, palm ventures

Diversified commodities company Olam International (OLAM.SI) is aiming to boost production volume by 15-20% annually as it plans expanding into upstream sugar and palm oil ventures, its chief executive said on Friday.

Group managing director and CEO Sunny Verghese said Olam was eyeing 10,000 hectares of sugar plantations in Indonesia, Brazil or Africa to enable it to set up crushing plant with a yearly capacity of at least 2 million tonnes.

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Wilmar seeks to sweeten profits with sugar

Singapore’s Wilmar International, the world’s No.1 listed palm oil firm, is on the prowl for assets as far afield as Brazil in its quest to dominate the world in another commodity — sugar.

Wilmar has already notched up one high-profile acquisition with its purhcase of Sucrogen, the world’s No. 5 sugar refiner, from Australian conglomerate CSR for US$1.5 billion ($2 bilion), the largest deal so far this year in the global sugar industry.

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Wilmar said to seek $1.5b for CSR sugar buyout: Update

Wilmar International, the world’s largest palm oil trader, approached banks for about $1.1 billion ($1.5 billion)of loans to buy CSR Ltd.’s Australian sugar unit, according to two people familiar with the matter.
 
The mixed-maturity term facility, in both Australian and U.S. dollars, will pay an all-in fee averaging about 100 basis points more than the London interbank offered rate, the people said, asking not to be identified as the talks are private.

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Wilmar said to seek $1.5b of loans for sugar acquisition

Wilmar International, the world’s largest palm oil trader, approached banks for about US$1.1 billion ($1.5 billion) of loans to buy CSR’s Australian sugar unit, according to two people familiar with the matter.

The mixed-maturity term facility, in both Australian and US dollars, pays an all-in fee averaging about 100 basis points more than the London interbank offered rate, the people said, asking not to be identified as the talks are private.

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Wilmar seeks US$1b loan for sugar buy: Basis Point

Wilmar International (WLIL.SI), the world’s largest listed palm oil firm, is seeking to borrow over US$1 billion ($1.4 billion) to help fund its purchase of Sydney-based CSR’s (CSR.AX) sugar business, Basis Point reported on Friday.

The banks that are in discussion with Wilmar include Singapore’s three local banks DBS (DBSM.SI), Oversea-Chinese Banking Corp (OCBC.SI) and United Overseas Bank (UOBH.SI), Basis Point, a Thomson Reuters service, said, citing banking sources.

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Wilmar seeks US$1b loan for sugar buy

Wilmar International (WLIL.SI), the world’s largest listed palm oil firm, is seeking 
to borrow over US$1 billion ($1.37 billion) to help fund its purchase of Sydney-based CSR’s (CSR.AX) sugar business, Basis Point reported on Friday. 

The banks that are in discussion with Wilmar include Singapore’s three local banks DBS (DBSM.SI), Oversea-Chinese Banking Corp (OCBC.SI) and United Overseas Bank (UOBH.SI), Basis Point, a Thomson Reuters service, said, citing banking sources. 

 
Singapore’s Wilmar CSR earlier this week clinched a deal to buy CSR’s Sucrogen sugar arm for US$1.5 billion, trumping a rival bid by China’s Bright Food Group. 
 
Sucrogen is the world’s fifth-largest sugar-refiner.
 
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