SUGARCANE producer Hippo Valley Estates (Hippo Valley) has this year injected US$11 million in a massive retooling project expected to be completed next year.In an interview with The Financial Gazette last week, Hippo Valley chief executive Tendai Masawi said the company plans to replace its entire outdated machinery with newer equipment to boost efficiency.“The efficiencies…
Hippo Valley injects US$11m in retooling
The sugarcane producer said escalating labour, cane procurement and production costs remain its biggest challenge, threatening long-term profitability even as the company posted stronger earnings for the year ended March 31, 2026.