Value Added Seminar
Tate & Lyle PLC
Tate & Lyle Value Added Seminar
Tate & Lyle PLC will be holding a seminar focussing on its Value Added strategy
today in London, commencing at 9.45 am. The meeting will be hosted by Iain
Ferguson, Chief Executive, and other senior executives and will be attended by
institutional investors and stockbrokers' analysts.
Stanley Musesengwa, Chief Operating Officer, will provide an overview of Tate &
Lyle's business and value added products and will explain the contribution that
value added products make to overall profitability.
Peter Boynton, Senior Vice President, Industrial Ingredients, will give an
update on industrial starches and bio-products.
Austin Maguire, President of Tate & Lyle Sucralose, will update on current
trading in the division and the progress of the expansion projects in Alabama
and Singapore.
Mark White, President of the Global Food Ingredients Group, will set out the
Group's approach to consumer understanding and will give examples of successful
collaboration with Tate & Lyle's customers which has resulted in new product
launches.
In his conclusion, Iain Ferguson will comment on current trading and will
reaffirm the statement made at the Annual General Meeting on 19 July 2006 that
we continue to view the future with confidence and remain committed to our
target for the profit contribution from total value added products to increase
by 30% in the year to March 2007 from the £161 million reported last year.
The presentations given at the seminar will be available on our website
(www.tateandlyle.com), after the start of the meeting.
Timing of Trading Update
In line with its regular practice, Tate & Lyle will issue a trading update on
2 October 2006, when entering a closed period in respect of the interim results
to 30 September 2006. In addition to the announcement, a conference call for
analysts and investors will be held at 9.30 am on 2 October. The call will be
hosted by Iain Ferguson, Chief Executive, John Nicholas, Group Finance Director
and Mark Robinson, Director of Investor Relations. Dial in details will be
published shortly.
The interim results will be announced on 2 November 2006.
ctor of Investor Relations
Tel: 020 7626 6525 or Mobile: 07793 515861
Ferne Hudson, Head of Media and Public Relations
Tel: 020 7626 6525
About Tate & Lyle:
Tate & Lyle is a world leading manufacturer of renewable food and industrial
ingredients. It uses innovative technology to transform corn, wheat and sugar
into value-added ingredients for customers in the food, beverage,
pharmaceutical, cosmetic, paper, packaging and building industries. The Company
is a leader in cereal sweeteners and starches, sugar refining, value added food
and industrial ingredients, and citric acid. Tate & Lyle is the world number-one
in industrial starches and is the sole manufacturer of SPLENDA® Sucralose.
Headquartered in London, Tate & Lyle is listed on the London Stock Exchange
under the symbol TATE.L. In the US its ADRs trade under TATYY. The Company
operates more than 65 production facilities in 29 countries, throughout Europe,
the Americas and South East Asia. It employs 7,000 people in its subsidiaries
with a further 4,800 employed in joint ventures. Sales in the year to 31 March
2006 totalled £3.7 billion. Additional information can be found on this website
www.tateandlyle.com.
SPLENDA® is a trademark of McNeil Nutritionals, LLC