Michigan Sugar Producer To Invest $125 Million In 4 Plants
BAY CITY, Mich. (AP) — A Michigan sugar producer plans to invest $125 million in four of its facilities.
MLive.com reports Thursday that the money will be used for capital projects in Michigan Sugar Company plants in Bay City, Caro, Sebewaing and Croswell.
About $20 million will go toward the Bay City-based, grower-owned cooperative's agricultural department.
Another $57 million will go over the next five years into the Croswell facility in Michigan's Thumb Region. The investment will complete operation upgrades at the plant.
State sugar beet growers enjoyed a record harvest in 2015.
Michigan Sugar announced earlier in December that its total 2015 production was roughly 5 million tons, representing a record-setting yield of 31.6 tons an acre.
The company has about 1,000 sugar beet growers.
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.