ILLOVO SUGAR (MALAWI) plc is listed on the Malawi Stock Exchange with 76% of the issued share capital held by the Illovo Group and the balance by public and other institutional investors. The corporate office is based at Limbe with two operations at Nchalo in the southern part of Malawi at Chikwawa and Dwangwa in the mid-central region of Nkhotakota, producing sugar cane and raw, brown, and refined sugar, together with speciality sugars especially at Nchalo. The company annually cultivates around 1.8 million tons of cane which together with approximately 350 000 tons produced by Malawian smallholder farmers, results in the production of about 250 000 tons of sugar.
Illovo Malawi, which is one of two sugar producers operating in the country, supplies more than 60% of its total sugar sales into the domestic consumer and industrial markets, and a portion of the balance exported regionally within the sub-continent. Exports also take place to the EU and the USA markets, which include a range of speciality sugars.
Illovo Sugar (Malawi) fortifies direct consumption brown sugar with Vitamin A to help support the elimination of micronutrient deficiency, particularly within children under five years old. Vitamin A is an essential micronutrient which the body needs to function properly – from enabling the function of sight, and growth and development through to skin maintenance, immune functions, and reproduction.
In support of similar Government-aligned initiatives in both Zambia and Mozambique, direct consumption sugar produced at Zambia Sugar and Maragra in Mozambique is also Vitamin A- enriched.
BUSINESS PROFILE
- Illovo Sugar (Malawi) plc, listed on the Malawi Stock Exchange in September 1997 (incorporated 31 May 1965)
- Employs 11 800 permanent and non-permanent people
- Two agricultural estates; two factories with refineries
- Produces raw and refined sugar, speciality sugars
- Internal electricity generation from renewable resources
