Brexit is a sweet result for Tate
“For us, leaving the EU is the biggest opportunity of our lifetime.”
So senior vice-president of Silvertown’s Tate & Lyle Gerald Mason, pictured, said this week.
The sugar refiner had been campaigning for the outcome after protectionist moves by the EU made life for cane refiners harder in order to favour Europe’s beet refiners.
“We can be spending as much as three million euros in import tariff per ship,” he said. But there’s light at the end of the tunnel, he added.
A Caterpillar wheel loader moves raw cane sugar for processing at the Tate & Lyle refinery