Tate & Lyle takes sales hit as soft drink production slows

A London food manufacturer has reported that demand for soft drink sweeteners has dropped significantly.

Tate & Lyle, which produces sugar and sweeteners, has seen a 26 per cent drop in orders from soft drink producers since the closure of restaurants and bars.

The sweetener is used primarily in soft drinks such as Coca-Cola, Pepsi and Dr Pepper.

Chief executive, Nick Hampton, commented: “I am delighted with our performance over the last financial year and the progress we are making executing our strategy and living our purpose.

“I am also very proud of the way we have responded to the unprecedented challenges of COVID-19.

“From the outset of the pandemic, our priority has been to look after our employees and local communities, keep our operations running and support our customers.

“The fact that all our manufacturing facilities have remained fully operational during the pandemic and customer orders have continued to be fulfilled, often at very short notice, is a testament to the commitment and skill of all our employees.

“Tate & Lyle is a resilient business that meets challenges head-on.

“I am confident that with the strength of our portfolio, people and operating capabilities we will navigate this period successfully and that our future prospects remain strong.”

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