Mackay Sugar are one step closer to securing an international investor, with the State Government committing $14 million to the sale of the struggling company.
Deputy Premier Jackie Trad said the investment is about providing certainty to Mackay Sugar’s workforce and the regional economy that has relied on sugar for the past 140 years.
The company has faced crippling debt for years, with a German company agreeing to acquire a major stake in the Australian miller.