Thal Industries to Invest $35 million in Australian Sugar Mill

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Thal Industries to Invest $35 million in Australian Sugar Mill

In a notification to Pakistan Stock Exchange, Thall Industries announced that It will be investing Up to Australian $ 35 million for 55% stake in ISIS Central Sugar Mill Ltd in Queensland, Australia subject to Regulatory Approvals. The installed capacity of ISIS Central Sugar Mill IS 10,000 Tons per day. Thal Industries Ltd is venturing with its associated companies, Almoiz Industries and Naubahar Bottling Company Pvt Ltd.

Read: Thal Industries to Invest in Foreign Venture

Australia’s sugar industry accounts for 3% of the total world sugar production and is the world’s 3rd largest
exporter of sugar. The Sugar Recovery Yield in Australia ranges from 13% to 15% as compared to average 9%-11% in Pakistan.

As per analysts, the prime aim of Thal Industries to Invest in an Australian Venture is to benefit from Exports Market, Higher Sugar Yield and Product Quality associated with Australia.

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