Mumias Sugar warms up to water bottling to shore up gains
06 December 2011, 12:30
Mumias Sugar Company intends to enter the lucrative but
competitive water bottling business as its seeks to increase its product
range to shore up the firm’s earnings.
The company’s managing director, Mr Evans Kidero
told shareholders during Annual General Meeting in Kisumu on Friday,
that the projects that include ethanol distiller and a co-generation
plant for electricity will assist in ensuring financial stability.
The three projects, that are to be implemented next
year will increase the company’s financial streams and cushion its
business from uncertainty of its core business of sugar processing.
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