Germany's Nordzucker expects a return to profit in 2020/21 - CEO
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LONDON (Reuters) - Germany's second largest sugar refiner Nordzucker expects to turn a profit in 2020/21 after a major cost overhaul and plans further expansion beyond Europe after its recent investment in Australia, the chief executive said.The company's projected return of profitability could signal a change in fortunes for an industry mired in losses since the liberalisation of the European Union sugar sector in 2017 that left producers exposed to a depressed world market.Last month, unlisted..