Mackay Sugar

OVERALL
Owned	GER
Rating

Sugar manufacturer

One of Australia's largest sugar cane producing and sugar manufacturing companies, owned by 1100 canegrower shareholders and operating four sugar factories in Queensland. Mackay Sugar was formed in 1988 as a co-operative. In 2008 they became a restricted public company. Owns 25% of Sugar Australia. In 2019 Nordzucker acquired a 70% stake.

Company Ownership

Mackay Sugar Ltd	AUS	website	email
Nordzucker AG       owns 70% of Mackay Sugar Ltd	GER	website	email
Sugar manufacturer Europe's second largest sugar manufacturer. Acquired 70% of Australia's Mackay Sugar Ltd in 2019.

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Company Assessment

PRAISE	CRITICISM	INFORMATION
Mackay Sugar Ltd
		Govt grant to reduce energy costs In September 2011, senior management presented a proposal to the company's board on ways to reduce carbon emissions and improve energy efficiency across its Farleigh, Marian and Racecourse mills in Queensland. Thanks to a $9.1 million grant from the Australian Government's Clean Technology Food and Foundries Investment Program, Mackay Sugar can put its plans into action. [Source 2013][More on Climate Change] Bonsucro member This company is a member of Bonsucro - Better Sugar Cane Initiative, a global non-profit, multi-stakeholder organisation fostering the sustainability of the sugarcane sector through its leading metric-based certification scheme and its support for continuous improvement for members. [Source 2017][More on Multi-Stakeholder Initiatives] No tax paid in 2013/4 According to data released by the Australian Tax Office in Dec 2015, this company was one of 579 local and foreign-based companies that paid no tax in Australia in 2013-14. Please note however that companies pay income tax on profits, not revenue (total income). While some companies use tax havens and loopholes to avoid paying their fair share of tax in Australia, other companies that paid no tax have perfectly legitimate reasons. [Source 2015][More on Finance]
Nordzucker AG
No assessment data currently available for Nordzucker AG

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