World's largest stand-alone refinery to announce new storage capacity to buffer import price shocks

Dubai, February 1st, 2012 - Dubai's Al Khaleej Sugar Refinery, the world's largest stand-alone refinery, has announced its participation at the Kingsman Dubai 8th Sugar Conference, a renowned event in the world of sugar trading, being held at the Grand Hyatt Dubai from February 4th to 7th 2012.

The conference, which hosts internationally known speakers and is attended by some of the most powerful decision-makers in the world of sugar, offers Al Khaleej Sugar Refinery an ideal platform to network with stakeholders and announce its ambitious sugar storage expansion projects.

"We are delighted to participate at the Dubai Sugar Conference, an event known not just for the quality of its speakers but also attendees," said Jamal Al Ghurair, Managing Director of Al Khaleej Sugar Refinery. "The conference attracts attention on the world stage, and places us in an ideal position to communicate our expansion and storage increase plans to a diverse audience of stakeholders and decision-makers. Al Khaleej Sugar Refinery is one of the largest refineries in the world, and we are looking forward to expanding our operations while guaranteeing an uninterrupted supply of raw sugar for our processing needs, and white sugar for the regional market."

Most recently, Al Khaleej Sugar has added three new large silos for raw sugar with a capacity of 160,000 tons each. The new silos will add up to the existing storage capacity of one million tons. The decision to increase raw sugar storage is to create buffer stock that can be utilized to smooth out the price variations in imported raw sugar. For white sugar, the refinery currently has four silos with a total capacity of 132,000 tons of sugar. The four silos play a vital role in offering flexibility to Al Khaleej Sugar's production and sales departments.

Al Khaleej Sugar's storage enhancements plans will allow the company to better deal with demand and supply shocks and variations in pricing, while also offering a buffer to its production and sales departments.

"We are looking forward to our participation at the Dubai Sugar Conference, where we will be meeting with producers, importers, refiners, analysts, investment bankers, shipping companies, end users, traders, as well as leading discussions that impact significantly on the future of the sugar market. The Dubai Sugar Conference is an event that monitors and influences global sugar trade, and Al Khaleej Sugar is looking forward to playing an important role at this event yet again," Al Ghurair concluded.

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