ALGIERS (Reuters) - Algeria’s Cevital, the biggest sugar refiner in north Africa, has more than doubled its annual output capacity to 1.65 million tonnes and market conditions are right for increasing exports, a top executive said on Wednesday.
Malik Rebrab, vice president of Cevital and director of its sugar refinery, said the firm plans to raise production levels even further and has gained an important share of the market in north Africa, Europe, Asia and the Middle East.
“We currently have a capacity of 1.65 million tonnes. We aim to increase this capacity,” he said in a telephone interview from the refinery in the port town of Bejaia, east of Algiers.
His father and Cevital’s Chief Executive Issad Rebrab told Reuters in September the sugar production of the family-owned company was 800,000 tonnes last year but there was a plan to raise capacity and export some 900,000 tonnes .
“We have already started exporting to foreign markets. Our main clients included the Gulf region, the Middle East, Italy, Switzerland, Bangladesh and Tunisia,” Malik Rebrab said. “We are an important economic player on the market.”
He declined to give details on the volume of exports and prices.
He said the quantities destined for export depend on the situation on the global market, adding that current prices were encouraging for suppliers of the commodity.
“The volume is determined by the market situation. When prices go down we opt for storage. The current market conditions are very interesting (for exporters),” he said.
Algeria’s annual requirement of white sugar is about 1 million tonnes, and Cevital imports most of its raw sugar from Brazil.