Sugar and sweeteners company Tate & Lyle PLC says it plans to reopen a mothballed Alabama plant to meet surging demand for sweeteners after reporting a strong rise in full-year earnings.
The London-based company on Friday reported net earnings of $268 million, up from $24.6 million a year ago. Revenue rose 8% to $4.4 billion.
Tate & Lyle says it plans to restart production of its Splenda sucralose product at the McIntosh, Ala., plant during the first half of 2013.
The decision to restart the plant will result in about 100 jobs to Washington County.
The company had shut the factory two years ago to transfer production to Singapore, but says that is no longer meeting demand amid a growing trend for healthy eating. The group makes more than half its profits from Splenda and speciality starches.