Business

TH Milk buys sugar mill from UK’s Tate & Lyle

TH Milk Food Joint Stock Company of Vietnam has bought the Nghe An Tate & Lyle sugar company from the UK’s Tate & Lyle PLC.
TH Milk Food Joint Stock Company of Vietnam has bought the Nghe An Tate& Lyle sugar company from the UK’s Tate & Lyle PLC.

A contract to the effect was signed in Hanoi on April 20.

Thecompany said once the transaction completes, the company, which iscurrently known as TH true Milk producer, will zone off the materialsareas and focus on improving sugarcane yield to help increase income forfarmers.

Tate & Lyle PLC built its sugar will in the central province of Nghe An 15 years ago with the Mely sugar trademark./.
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