Sugar refining company Sucro Can Sourcing has announced plans to build what it calls Canada’s largest sugar refinery based in southern Ontario.
The refinery is expected to have an annual refining capacity of 1 million metric tonnes, for an estimated cost of US$100 million. The investment is part of the company’s commitment to become a big alternative integrated sugar supplier in North America, by leveraging its refining footprint and supply chain innovations to service sugar users.
“Sucro is demonstrating supply chain innovation and a willingness to invest in new refining capacity in both Canada and the United States. We have been strongly supported by our extremely loyal and growing customer base,” explained Jonathan Taylor, Founder and CEO of Sucro Sourcing. “The sugar markets in both Canada and the United States are experiencing steady, long term, sustainable growth, and Sucro is investing to supply these growing market demands.”
First founded in 2014, the company has gone from strength to strength, established with the aim of creating a smaller, more flexible sugar refiner to meet the needs of food and beverage manufacturers.
“Jonathan Taylor’s vision and commitment to innovation, reinvestment and growth has never wavered since his founding of Sucro in 2014,” added Don Hill, Chairman of Sucro. “Our customers appreciate Sucro’s dedicated focus to sugar, and the added supply chain options we have created.”
The new refinery is expected to open in 2025 and according to Don Hill, the company can afford to be patient.
“Due to Sucro’s successful low-cost focus in building its previous sugar refineries, including the recently opened sugar refinery in Lackawanna, NY, this new Ontario refinery will not need to be fully utilised shortly after opening. Instead, Sucro will patiently add production based on growing market demand, including any potential export opportunities to the United States.”