São Martinho Provides Production Guidance for the Fiscal Fourth Quarter and Full Year 2019
June 25, 2019 at 02:00 pm EDT
Share
São Martinho provided production guidance for the fiscal fourth quarter and full year 2019. The company expects to process approximately 22 million tons of sugarcane in this quarter, 8% increase on a year-on-year basis with the TRX, 2% lower than the previous crop year.
For 2019, the company's guidance for production of sugar and ethanol is within the range, the maximum and the minimum, and the company will be deciding during the year, which product it will be producing depending on the profitability coming from the product in the current situation.
Sao Martinho SA is a Brazil-based sugar and energy company. The Companyâs operations include the production and marketing of sugar, ethanol, electricity and other products from sugarcane. Sao Martinho SAâs operations comprise four mills: Sao Martinho, Santa Cruz and Iracema, as well as Boa Vista. The Companyâs portfolio includes multiple types of sugar, including white, very high polarity and very-very high polarity sugar (VHP and VVHP). Sao Martinho SA produces hydrous ethanol (for ethanol-fueled vehicles), anhydrous ethanol (used as a fuel additive) and industrial grade ethanol for other purposes. It also generates electricity from sugarcane bagasse. The Company has several subsidiaries, including Sao Martinho Terras Agricolas SA, Sao Martinho Terras Imobiliarias SA, Bioenergia Sao Martinho Ltda and Bioenergetica Santa Cruz SA.
SÃO MARTINHO S.A. 
