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Nordzucker also has a sugar processing factory in Nykøbing Falster in neighboring Guldborgsund Municipality.
Guldborgsund Municipality occupies the eastern part of the island (Østlolland).
This is on a par with Sønderborg Municipality, which also is made up of 7 old municipalities, which is the highest among the new municipalities.
Despite the official vision of creating an ecologically sustainable economy agriculture is mainly conventional and focusing on cash crops like wheat, sugar beets, rapeseed and an intensive production.
The sugar beets are refined in up to date processing facilities owned by Nordzucker in Nakskov, the main industrial center.
The current mayor - elected for the 2014-17 term of office - is a Socialdemocrat, the 1st deputy mayor is from the agrarian liberal Venstre and the 2nd deputy mayor is from Dansk Folkeparti.
On Monday 1 January 2007 Lolland municipality was created as the result of Kommunalreformen ("The Municipal Reform" of 2007), covering the former municipalities of Holeby, Højreby, Maribo, Nakskov, Ravnsborg, Rudbjerg and Rødby.