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Sugar predicted to be top growth industry in Australia

A new business forecasting report shows sugar manufacturing is set to be the top growth industry in Australia this year, generating more than $3 billion in revenue.

Australia’s CSR Sugar Rejects China Bid

CSR Ltd., Australia’s biggest raw sugar miller, will proceed with a spinoff of the business from its building material and aluminum units after rejecting a A$1.5 billion ($1.4 billion) offer from China’s Bright Food Group Co.

photo by Robert Rough, Brisbane Times

China Targets Australia’s Assets

A $1.5 billion bid for Australia’s main sugar refiner, CSR, by one of the world’s biggest food companies is a precursor to the next wave of Chinese investment in Australian assets, reports the Brisbane Times.