Illovo Sugar
Encyclopedia
Illovo Sugar Limited is a leading sugar
producer. The company is based in Mount Edgecombe
, near Durban
, South Africa
.
It is a subsidiary of Associated British Foods Plc.
, which holds 51% of the issued share capital which it purchased for more than £400m in 2006.
Illovo Sugar is listed on the JSE; its stock symbol is ILV. Its subsidiary
Zambia Sugar is listed on the Lusaka Stock Exchange
, under the symbol ZSUG. In addition, its Malawi
an subsidiary Illovo Sugar Malawi is listed on the Malawi Stock Exchange
, under the symbol ILLOVO.
Sugar
Sugar is a class of edible crystalline carbohydrates, mainly sucrose, lactose, and fructose, characterized by a sweet flavor.Sucrose in its refined form primarily comes from sugar cane and sugar beet...
producer. The company is based in Mount Edgecombe
Mount Edgecombe, KwaZulu-Natal
Mount Edgecombe is a sugar-growing town in KwaZulu-Natal, South Africa, situated just north of Durban, which forms part of eThekwini, the Greater Durban Metropolitan. It is famous for resorts and golf....
, near Durban
Durban
Durban is the largest city in the South African province of KwaZulu-Natal and the third largest city in South Africa. It forms part of the eThekwini metropolitan municipality. Durban is famous for being the busiest port in South Africa. It is also seen as one of the major centres of tourism...
, South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
.
It is a subsidiary of Associated British Foods Plc.
Associated British Foods
Associated British Foods plc is a global food, ingredients and retail company headquartered in London, United Kingdom. Its ingredients division is the world's second largest producer of both sugar and baker's yeast and a major producer of other ingredients including emulsifiers, enzymes and lactose...
, which holds 51% of the issued share capital which it purchased for more than £400m in 2006.
Illovo Sugar is listed on the JSE; its stock symbol is ILV. Its subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
Zambia Sugar is listed on the Lusaka Stock Exchange
Lusaka Stock Exchange
The Lusaka Stock Exchange is the principal stock exchange of Zambia. Founded in 1993, it is located in Lusaka. The LuSE is a member of the African Stock Exchanges Association.Background...
, under the symbol ZSUG. In addition, its Malawi
Malawi
The Republic of Malawi is a landlocked country in southeast Africa that was formerly known as Nyasaland. It is bordered by Zambia to the northwest, Tanzania to the northeast, and Mozambique on the east, south and west. The country is separated from Tanzania and Mozambique by Lake Malawi. Its size...
an subsidiary Illovo Sugar Malawi is listed on the Malawi Stock Exchange
Malawi Stock Exchange
The Malawi Stock Exchange is a fully fledged stock market, with a single licensed broker. It was inaugurated in March 1995 and opened for business for the first time on 11 November 1996, under the aegis of the Reserve Bank of Malawi, with 2300 Malawian citizens buying shares in the first company...
, under the symbol ILLOVO.
Subsidiaries
Subsidiaries of Illovo include:- Illovo Sugar Malawi based in LimbeLimbe, MalawiLimbe is a town in Malawi. It is located in Blantyre District. It is the operational headquarters and workshops for Malawi Railways.- Overview :Limbe is 7 miles east of Blantyre and was founded in 1909. Blantyre Briefly merged with Limbe in 1956....
, MalawiMalawiThe Republic of Malawi is a landlocked country in southeast Africa that was formerly known as Nyasaland. It is bordered by Zambia to the northwest, Tanzania to the northeast, and Mozambique on the east, south and west. The country is separated from Tanzania and Mozambique by Lake Malawi. Its size... - Kilombero Sugar in TanzaniaTanzaniaThe United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
- Maragra Açúcar based in Maputo, Mozambique
- Ubombo Sugar of Swaziland
- Zambia Sugar based in MazabukaMazabukaMazabuka is a town in the Southern Province of Zambia, lying south west of Lusaka, on the main road and railway to Livingstone. The town has grown around sugar cane plantations, and currently Zambia Sugar is Zambia's leading sugar producer. It lies near the Mwanachingwala Conservation Area...
, ZambiaZambiaZambia , officially the Republic of Zambia, is a landlocked country in Southern Africa. The neighbouring countries are the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west....
External links
See also
- Malawi Stock ExchangeMalawi Stock ExchangeThe Malawi Stock Exchange is a fully fledged stock market, with a single licensed broker. It was inaugurated in March 1995 and opened for business for the first time on 11 November 1996, under the aegis of the Reserve Bank of Malawi, with 2300 Malawian citizens buying shares in the first company...
- Johannesburg Stock Exchange
- Lusaka Stock ExchangeLusaka Stock ExchangeThe Lusaka Stock Exchange is the principal stock exchange of Zambia. Founded in 1993, it is located in Lusaka. The LuSE is a member of the African Stock Exchanges Association.Background...