Tate & Lyle has revealed plans to expand two of its factories in the US.

Ahead of the group’s annual general meeting today, the group said that it plans to spend £43m on expanding its factory in Loudon, Tennessee and £57m on its factory in Lafayette, Indiana.

The expansion, it added, would increase production and capacity at both of the sites.

Sir David Lees, chairman of Tate & Lyle, will reveal at the meeting today that there has been little overall change in trading conditions since the group’s annual report last month.

The report highlighted that the impact of the EU’s sugar reform would reduce operating results by £20m in 2007, £60m in 2008 and £85m in 2009.