Morocco’s Cosumar to produce sugar in its new Saudi Arabia refinery by the end of 2019

Morocco’s first sugar refinery Cosumar to kick off production in its Saudi Arabia’s plant by the end of 2019, reports Reuters quoting the firm’s CEO.

Speaking on Tuesday, February the 26th, in Casablanca, Mohammed Fikrat announced that the new refinery, located in Saudi town Yanbu, will be able to produce 850,000 tonnes of refined sugar by the end of the year.

Cosumar’s refined sugar will be «commercialized» and sold in Saudi Arabia, the same source said. According to the British news agency, Cosumar’s plant in Casablanca provide the Moroccan market with 100 percent of its refined sugar needs.

Meanwhile, the plant exports 400,000 tonnes to 40 countries in Africa and in the MENA region. «Exports represent between 20 to 25 percent of our turnover», Fikrat said, adding that Cosumar imports half of its raw sugar needs from Brazil and produces the rest locally.

For the record, Cosumar is the oldest sugar refinery in Morocco. It was created in 1929 in the Roches Noires district of Casablanca.