Abu Qurqas Sugar Factories halts work after 155 years of operation

The Egyptian Sugar and Integrated Industries Company (ESIIC) announced it would be halting work at the New Abu Qurqas Sugar Factories after 155 years of its operations, shifting the contracted quantities to Girga Sugar Factories in Sohag Governorate, from Monday, January 15, until March 13, 2024.

The company explained that the reason for this is the weak contracted quantities of sugar cane, and their incompatibility with the operation of the highly expensive equipment.

Farmers revealed the reasons for not supplying sugar cane to the company due to the low value of the contracts, their incompatibility with the cost of farming, and the high prices of sugar, treacle, and cane – an increase of LE 50,000 over the factory’s supply price.