Thai sugar giant Mitr Phol buys Indonesian firm to expand footprint

Thai sugar giant Mitr Phol buys Indonesian firm to expand footprint

Photo: Nick Agus Arya/Unsplash

Thailand’s Mitr Phol said it had acquired a 75% stake in Indonesian sugar mill Kebun Tebu Mas (KTM) as Asia’s largest sugar and bioenergy producer expands its footprint on the continent.