Type Public Industry Agriculture Products SugarSugar marketing Parent organization Associated British Foods | Traded as JSE: ILV Area served South Africa, Africa Founded 1891 | |
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Key people Gavin Dalgleish (Managing Director) Headquarters Mount Edgecombe, South Africa Subsidiaries Zambia Sugar, Mountsfield Park Finance Limited | ||
Illovo Sugar Limited based in Umhlanga, Durban, South Africa is Africa’s largest sugar producer. The group produces raw and refined sugar for local, regional African, European Union (EU), United States and world markets from sugar cane supplied by its own agricultural operations and independent growers who supply cane to Illovo’s factories. It is a subsidiary of Associated British Foods Plc., which holds 51% of the issued share capital which it purchased for more than £400m in 2006.
Illovo employs more than 12,000 permanent staff and 18,000 more on a temporary basis. Illovo Sugar's subsidiary Zambia Sugar is listed on the Lusaka Stock Exchange, under the symbol ZSUG. In addition, its Malawian subsidiary Illovo Sugar Malawi is listed on the Malawi Stock Exchange, under the symbol ILLOVO.
Subsidiaries
Subsidiaries of Illovo include: