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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.

For more visit Daily Nation

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