Turnover: 6.6 billion EUR (2022)

Country: France

Tereos is France's leading sugar group and the world's second largest producer. Tereos is an agricultural cooperative of beet growers, and the group was formed in 2002 from the merger of Beghin Say and Union SDA.

In France, Tereos markets sugar to the general public under 5 brands: Béguin-Say, La Perruche, Le Blonvilliers and L'Antillaise. The group has 9 sugar factories in France.

Internationally, the Group also produces ethanol and cane sugar in Brazil, wheat and corn starch in Asia, and fibers for human consumption.

Tereos operates through 4 subsidiaries: Tereos France, Sucrière de la Réunion, Sucreries Distilleries Hauts-de-France, Sucrerie de Bois Rouge.
The group has withdrawn from China. Mozambique, Romania

Tereos is the world's second-largest sugar group, with operations in 18 countries in Europe, Asia, Africa and South America.

News

Closure of the Tereos Haussimont plant in the Marne department 07/09/2023

  • Tereos, the agri-food giant, is planning to close its potato starch processing plant in Haussimont (Marne), which employs 62 people.
  • This is the third Tereos site to be closed in the space of a few months.
  • The other two are the Escaudoeuvres sugar factory (Nord) and the Morains distillery (Marne).
  • France currently has just two starch plants: Haussimont and Vecquemont (Somme, Roquette group).

Tereos ready to close a third plant in France 23/06/2023

  • Third Group site affected by a redundancy plan in just a few months.
  • Closure of the potato starch processing plant at Haussimont (Marne) envisaged.
  • Two other closures already announced: Escaudoeuvres sugar plant (Nord) and Morains distillery (Marne).
  • Record operating profit for Tereos in 2021: €664 million.

Tereos optimistic for the future 05/06/2023

  • Sales: 6.6 billion euros (+29% year-on-year)
  • Ebitda: 1.1 billion euros (+62%)
  • Increase in European sugar prices: +80% for the year
  • closure of three sites and 150 job cuts in France

Sugar: Tereos turns the page on the group's worst crisis 03/06/2023

  • Tereos sales for fiscal year 2022-2023: 6.6 billion euros, up 29%
  • Operating income before non-recurring items: €664 million, having more than doubled in one year.
  • Gross operating income (Ebitda): €1.1 billion

Victim of the beet crisis, Tereos closes two factories in France 09/03/2023

  • France's leading sugar producer, ahead of Cristal Union
  • 150 years of existence, 9 sugar mills in France
  • Tereos loses €6 million a year due to energy price hikes
  • Investment of €400 million a year to decarbonize its plants
  • Tereos hopes to find a buyer for its Haussimont starch factory, which employs 65 people
  • From 20 million tonnes of beet in 2017, production will fall to 15 million for the 2022 campaign
  • Growers reluctant to plant their acreage without the most effective insecticide available
  • The French beet growers' federation estimates that beet acreage will be 7% lower this year than in 2022

Tereos estimates that it will take a further two years to return to a stable financial situation. 09/06/2022

  • Sales up 18% to over 5 billion euros.
  • Ebitda up 47%.
  • With a profit of 172 million euros, the Group is out of the red.
  • Debt remains high at 2.3 billion euros, compared with 2.5 billion euros.
  • over the next two years, the Group aims to reduce debt to below 2 billion euros, and increase margins by 5% by 2024.

Tereos: four key questions. 22/12/2020

  • Tereos is France's leading sugar producer and the second largest in the world.
  • Formed in 2002 after the takeover of Béghin-Say by the beet growers of Union BS and Union SDA.
  • Present in 18 countries on three continents.
  • Present in numerous markets (food, chemicals, pharmaceuticals, green energies, paper) under five major sugar brands (Beghin Say, La Perruche, Guarani, TTD, Whitworths).
  • Annual sales of around 4.5 billion euros.
  • Around 22,000 employees in total, including 4,000 in France.
  • Tereos is an agricultural cooperative with 12,000 members, making it the second largest cooperative in France.
  • The company underwent a governance crisis leading to a change of management.
  • Tereos returned to profit a few months ago.
  • There are fears of a change of strategy and possible plant closures.

Tereos: financial strength in a changing market 08/07/2020

  • End of sugar quotas in Europe in 2017.
  • Tereos is the world's second largest sugar group and France's leading sugar producer.
  • Tereos is the 3rd largest sugar producer in Brazil, the world's leading sugar exporter.
  • Cristal Union has been forced to close several of its sites: the Bourdon and Toury plants, as well as half of the packaging activity at Erstein, in the Bas Rhin region.
  • Saint Louis Sucre closed two plants in 2019, at Cagny and Eppeville.
  • Tereos is one of the sugar companies that pays its cooperative members the most: around 150 euros in dividends per hectare per year over the last five campaigns.
  • During the COVID-19 crisis, Tereos redirected part of its production: 200,000 liters of hydroalcoholic solution produced at six of its French sites.

Studies mentioning this company

The sugar market - France

Other companies mentioned:

  • Südzucker
  • Raizen
  • Tereos Groupe
  • Cristal Union
  • 901 le marché du sucre en France
  • Saint Louis Sucre (Sudzucker groupe)
  • Sucden Sucres et Denrées
  • Finasucre
  • Béghin Say (Tereos)
  • Daddy (Cristal Union Groupe)
  • Giraudon et Fils
  • La Perruche (Tereos Groupe)
The bioethanol market - France

Other companies mentioned:

  • APM Maersk
  • Ford
  • Renault Groupe
  • Volvo Group (Renault Trucks et Volvo Trucks)
  • Stellantis (Groupe PSA et Fiat)
  • Volkswagen Group
  • TechnipFMC
  • Vinci Energies
  • Tereos Groupe
  • Cristal Union
  • Bioénergie du Sud-Ouest
  • AtkinsRéalis
  • Maguin