Zambia Sugar Plc, is a company based in Mazabuka, Southern Province, Zambia and is the largest sugar producer in Zambia. The company is listed on the Lusaka Stock Exchange (symbol: ZSUG) with 82% of the shares held by Illovo Sugar Limited of South Africa (a subsidiary of Associated British Foods) and the balance by institutional and private shareholders in Zambia.

Based on the paragraph above can we conclude that "Zambia Sugar Plc is not named after the country where it is based."?
No