Roxas Holdings, Inc. (RHI) is the largest sugar producer in the Philippines.
RHI owns and operates the largest milling operations and is the second largest refiner of sugar in the Philippines, producing 19.4% of the raw sugar and 21% of the refined sugar in the country in 2009. Together, the complementary locations of the sugar mills enable RHI to serve customers throughout the Philippines.
Central Azucarera Don Pedro, Inc. (CADPI), located in Batangas, provides the refined sugar requirements of traders and industrial customers such as multinational food and beverage and pharmaceutical companies in Luzon. Central Azucarera dela Carlota, Inc. (CACI), based in Negros Occidental where there is substantial sugar activity and also near the port for export, meets the raw sugar requirements of customers in the Visayas. In addition, RHI holds a 45.09 percent-equity in Hawaiian-Philippine Co., another sugar mill based in Negros Occidental.
RHI was established in Nasugbu, Batangas in 1927 as a sugar milling company and was then known as Central Azucarera Don Pedro. Due to rising competition, RHI embarked on an expansion and modernization program which enabled the company to become an integrated sugar manufacturing company with a refinery in 1994. In 1998, it acquired majority ownership in CACI.
In 2002, the company commenced a corporate reorganization program to transform itself into a holding and investment corporation. This resulted in the integration of its sugar businesses under a single subsidiary known as CADP Group Corporation (CADPGC).
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What’s New
Roxas Holdings posts P332M first-half income
Roxas Holdings, Inc. (RHI), the largest sugar producer in the country, posted a net income of P332 million as of March or for the first half of its fiscal year, RHI Chairman Pedro E. Roxas announced recently.
Mr. Roxas also reported that the company's EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) for the first half reached close to P1 billion, a major improvement relative to previous levels.
Roxas Holdings, Inc. reports profits for first four months
LISTED sugar group Roxas Holdings, Inc. (RHI) is already showing signs of recovery from last year’s loss when it registered a net income of P99 million for the first four months of its fiscal year from a net loss of P230 million a year ago.
Based on RHI’s unaudited financial results for October 2011 to January 2012, the company managed to turn around its financial and operating results for the period on the back of higher margins, lower manufacturing and operating expenses as well as reduced financing costs.
Roxas ethanol plant now in full swing
THE operations of Roxol Bioenergy Corporation, the bioethanol unit of listed sugar group Roxas Holdings, Inc. (RHI), is now in full swing after government announced the guidelines for the much-awaited pricing mechanism for ethanol will be signed soon.
"We were informed that the guidelines shall involve a reference price for locally produced fuel ethanol based on the National Biofuel Board’s published prices of feedstock as monitored by the Sugar Regulatory Administration," RHI chairman Mr. Pedro Roxas said.
Roxas Holdings exports sugar to Korea, Japan
IN order to address its oversupply of sugar, listed sugar group Roxas Holdings, Inc. (RHI), through its unit Central Azucarera Don Pedro, Inc. (CADPI), will export raw sugar to South Korea and Japan in the coming weeks.
This move was in response to the Sugar Regulatory Administration's direction to convert domestic sugar (Class B) into world sugar (Class D) market to dispose the excess in local supply from the current crop year.
Roxas Holdings moves fiscal year, stockholders’ meeting
The board of Roxas Holdings, Inc. (RHI), during its meeting held last February 2, 2010, resolved to change the company’s fiscal year to October 1 of each year to September 30 of the following year from July 1 of each year to June 30 of the following year.
In addition, the company’s annual stockholders’ meeting was moved to the third Wednesday of February of each year from the last Wednesday of November of each year.
Roxas Holdings Receives Above-Average Corporate Governance Rating
LISTED sugar group Roxas Holdings, Inc. (RHI) received an above-average score of 82 percent in the 2008 Corporate Governance Scorecard for Publicly-Listed Companies in the Philippines released by the Institute of Corporate Directors (ICD) in partnership with the Securities and Exchange Commission and the Philippine Stock Exchange.
Roxas Holdings Declares Cash Dividend
On June 25, 2009, the board of Roxas Holdings, Inc. declared a cash dividend of P0.06 per share payable to all shareholders of the company as of July 15, 2009. The cash dividend checks will be sent to shareholders on or before July 31, 2009
CADP - Sugar Supports Restaurant Summit
CADP Sugar is a proud partner of the first annual Restaurant Marketing Summit to be held on June 25, 2009 at The Blue Leaf Event Pavilion in McKinley Hill, Bonifacio Global City. Sealing the partnership during the contract signing are (from left): Ramon S. Reyes, VP Marketing of Roxas Holdings, Inc. (RHI) and Asuncion S. Aguilar, Senior Vice President for Finance & Treasurer of RHI and Adolf Aran, Jr., Managing Partner of Courage Asia, the summit organizer. Witnessing the event are RHI Marketing Officers Jessie Dela Torre and John Paul Arellano. For more information about the event, please check out www.courageasia.com for details.
CADPI receives 4th Environment Award from Nestlé
Central Azucarera Don Pedro, Inc. (CADPI), a subsidiary of listed sugar group Roxas Holdings, Inc. (RHI) received the “Greening the Supply Chain” award for the fourth year from Nestle Philippines, Inc. The award, which Nestle started in 2004, honors the environment management, safety and health standards of companies in the food and beverage industry.
World Bank, Roxol Bioenergy sign carbon finance deal to help
mitigate climate change and address poverty
The World Bank and the Roxol Bioenergy Corporation, the bioethanol unit of Philippine-listed sugar group Roxas Holdings, Inc., signed today an Emission Reductions Purchase Agreement (ERPA) for the latter’s ethanol plant wastewater and methane gas recovery project that will avoid air and water pollution, mitigate the impact of climate change and help address poverty in Negros Occidental. The Bank signed as a trustee of the Community Development Carbon Fund (CDCF).
View the Roxas Holdings, Inc. 2008 Annual Report
Announcement: Statement of the Roxas Group on the Restructuring of its Sugar-related Businesses
The corporate restructuring of the Roxas Group of Companies was made to consolidate all sugar and sugar-related businesses into one listed company. The sale of the net assets of CADP Group Corporation (CADPGC) and all its operating companies to Roxas Holdings, Inc. (RHI) was undertaken for this purpose.
Roxas Holdings declares another cash dividend
On October 3, 2008, the board of Roxas Holdings, Inc. declared a cash dividend of P0.06 per share payable to all shareholders of the company as of 15 October 2008. The cash dividend checks will be sent to shareholders on or before 30 October 2008.
Roxas Holdings declares cash dividend
On June 25, 2008, the board of Roxas Holdings, Inc. declared a cash dividend of P0.06 per share payable to all shareholders of the company as of 15 July 2008. The cash dividend will be paid on 31 July 2008.
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