The owners of Peterborough-based British Sugar have reaffirmed their commitment to the city despite the difficulties facing the industry.
The reassurance comes after parent company Associated British Foods (ABF) revealed it is to close two sugar factories in China because it cannot get the raw materials it needs at an economic price.
The closure will cost the firm, which employs about 300 people at its offices in Oundle Road, Woodston, some £128 million, according to its latest trading statement.
But Catharine Uglow, director of operational effectiveness for British Sugar, said: “While the sugar market is a challenging place, British Sugar remains fully committed to its business and its Peterborough operation.”
In the update, ABF states its European sugar operations are enjoying record performances from its factories.