Issue Date: April 27, 2015
Tate & Lyle Cuts Back On Sweeteners
Tate & Lyle will consolidate production of sucralose, an artificial sweetener it markets as Splenda, at its McIntosh, Ala., facility and close a plant in Singapore. Last October, the firm warned investors about competition from low-cost sucralose producers in China. Tate & Lyle also says it will sell its share of an Eastern European bulk starch joint venture to partner Archer Daniels Midland while buying out ADM’s part of a Slovakian specialty food ingredients plant.
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