Krajewa Spolka Cukrowa, a polish sugar manufacturer is eyeing investment opportunities in Ethiopia. The company is interested to build a raw sugar refinery in Ethiopia, Capital reported.

The major shareholder of Krajewa Spolka Cukrowa is the government of Poland with 79.7 percent ownership. The company is the largest sugar producer in Poland supplying 39.1 percent of the country’s sugar demand. However, its supply to the European Union is 4.1 percent.

The company is seeking to be more competitive, according to Adam Wilczewski, representative of Polish Sugar at the Polish-Ethiopian Business Forum, which was held on Monday, September 23rd, in Addis Ababa.

“Europe is now one common market and we are expected to compete with other sugar producers in all of Europe,” said Wilczewski.

“Therefore, 4 percent is a small share of the market. We believe that we are no more than a medium-sized company,” he told Capital.

Krajewa Spolka Cukrowa exports its products to the Czech Republic, France, Germany, Ghana, Israel, Jordan, Kazakhstan, Kyrgyzstan, Lebanon, Moldova, Russia, and the UAE, among many others.

Source: Capital