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. 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).
RHI, unfazed by ASEAN integration
The possibility of industry consolidation does not faze the country's largest integrated sugar business, Roxas Holdings, Inc. (PSEi: ROX).
At the sidelines of RHI's Annual Stockholders' Meeting, RHI Chairman Pedro E. Roxas said the sugar group is aware of the implications of the coming tariff reduction on sugar to 5% in 2015 from 48% in 2010 under the ASEAN Free Trade Agreement (AFTA) and has prepared for the coming challenge.
"We felt the pressure and continue to feel the implications of the impending threats and challenges of 2015 — all the more made real by the fact that we only have a window of less than 12 months to implement the necessary action plans. These, more than anything, drive the point that we cannot afford to be complacent," Mr. Roxas explained.
RHI, GBPC look at contributing power to the national grid
Roxas Holdings, Inc. (PSEi: ROX), the Philippines' largest integrated sugar business, and
Global Business Power Corporation (GBPC), Visayas' leading independent power provider,
are looking at the possibility of contributing power to the national grid in the future.
RHI Chairman Pedro E. Roxas said the collaboration between the Group and GBPC, the power-generating arm of tycoon George Ty's GT Capital, in undertaking a feasibility study for a 40-megawatt biomass power plant, may help address the rising demand for energy.
"We hope that the feasibility study on the 40-MW biomass power plant in La Carlota, Negros Occidental, which will use bagasse from our plants, will equip the Group to have stable power supply, and enable our units to contribute excess power to the national grid," Mr. Roxas said.
RHI’s Q1 Net Income up 163% to PhP90M
Higher sales volume across all products pushed the first quarter net income of Roxas Holdings, Inc. (PSEi: ROX) to PhP90 million, 163% higher than previous year’s PhP34 million.
“We were able to sell carry-over inventory of 500,000 50-kg bags of refined sugar which boosted our sales by about PhP1 billion,” RHI Chairman Pedro E. Roxas said.
RHI President & CEO Renato C. Valencia noted that sugar remained the main net income contributor, with net income of PhP67 million from previous year’s PhP66 million.
RHI readies for ASEAN integration with new promotions, appointments
Listed sugar producer Roxas Holdings, Inc. (RHI) yesterday announced
promotions and new appointments across the Group.
In a statement, RHI President/CEO Renato C. Valencia said that RHI is in a hurry to make sure the right people are in place so the organization will be ready for the ASEAN integration in 2015.
Mr. Luis O. Villa-Abrille is promoted Senior Vice President for Quality
Assurance and Business Development, and will remain as concurrent
President/COO of the Group's ethanol plant, Roxol Bioenergy Corporation in La Carlota, Negros Occidental. Quality Assurance and Business Development is one of the newly re-aligned divisions of RHI. Under his watch, RBC declared its first ever net income through improved operational efficiency and reduced plant shutdowns.
MVP elected as RHI's Vice Chairman
Roxas Holdings, Inc. (RHI) (ROX.PM) today announced the election of businessman Manuel V. Pangilinan as Vice Chairman of its Board of Directors.
RHI Chairman Pedro E. Roxas said Mr. Pangilinan was elected by the Board in its regular meeting last week.
Mr. Pangilinan is the founder and CEO of First Pacific Company Limited (142.HK), which recently invested up to 34% in RHI. He is also Chairman of Metro Pacific Investments Corporation (MPI.PM), the Philippine Long Distance Telephone Company (TEL.PM), Manila Electric Co. (MER.PM) and many other leading companies here and overseas.
Roxaco inks deal with Vanguard for five "Go Hotels"
Roxaco Land Corporation yesterday signed a deal with Singapore's Vanguard Hotels Group to build a minimum of five "Go Hotels" in Metro Manila and in select provincial destinations over the next two to three years.
The deal paves the way for a 50%-50% partnership between Roxaco Land Corporation, the property development arm of listed Roxas & Company, Inc. (PSEi: RCI) and Vanguard Hotels, a Singapore-based hospitality group, that has a franchise to build and operate a series of "Go Hotels" throughout the country. "Go Hotels" is the value hotel brand of Robinsons Land Corporation (PSEi: RLC).
Roxaco Chairman Pedro E. Roxas said Roxaco Land's entry into the value-hotel business is a good strategic fit with the future plans of the company. In addition, the five-hotel project will cater to the growing number of local tourists, business travellers and to some extent, foreign visitors looking for quality hotels that meet their budgets.
RCI sells 31% share in RHI to First Pacific
Roxas and Company, Inc. (PSEi: RCI), today reported that it sold 31% of its 66% share in Roxas Holdings, Inc. (RHI; PSEi: ROX), to Hong Kong-based First Pacific Company, Ltd. (HKEx: 142, ADRS: FPAFY) for PhP2.23 billion at PhP8 per share.
Mr. Pedro E. Roxas, the Executive Chairman of RCI and RHI, said the move “ends the sugar group’s long search for a strategic partner and will accelerate RHI’s plan to be the dominant sugar company in the Philippines”.
“This partnership of RHI with First Pacific, a leading global player, will strengthen RHI and prepare it for the industry consolidation that will take place with the advent of the ASEAN integration in 2015,” added President & CEO Renato C. Valencia.
RHI hits record-high NIBT, EBITDA
Roxas Holdings, Inc. (RHI) yesterday reported all-time high net income before tax (NIBT) of PhP715 million, and EBITDA of PhP1.72 billion for fiscal year 2013 ending September 30 and net income after tax (NIAT) of PhP473 million.
“The record performance is due to higher margins, lower operating expenses, lower financing costs, and reduced net operating loss for Roxol, which became significantly profitable during the last quarter of FY 2013,” RHI Chairman Pedro E. Roxas explained.
President & CEO Renato C. Valencia said sugar continues to be the main income driver for the Group. “Although Roxol lost PhP38.9 million last year, it started fully operating mid-June of this year and should be profitable for the coming fiscal year,” he added.
Roxas Holdings Appoints Key Officers
Roxas Holdings, Inc. (RHI; PSEi:ROX) Chairman Pedro E. Roxas and President / CEO Renato C. Valencia announced key executive movements in its subsidiaries to strengthen the group's focus on profitability and competitiveness.
Mr. Archimedes B. Amarra is appointed President & COO of Central Azucarera de la Carlota, Inc. (CACI) in addition to his current position as RHI - EVP for Marketing and Trading.
Mr. Louie O. Villa-Abrille is appointed President & COO of Roxol Bioenergy Corporation and concurrently as RHI Acting Head for Operations with advisory oversight on the subsidiaries.
Roxas Holdings' 9-mo. net income at P494M
Roxas Holdings, Inc. (RHI; PSEi: ROX) today announced that its nine-month net income before tax hit P494 million.
President and CEO Renato C. Valencia said sugar accounted for the bulk of the Group's net income for the period at P496 million, while alcohol operations recorded net loss due to start-up problems.
Meanwhile, the Group declared cash dividend of P0.06 per share as of record date of August 30, 2013 and payable on September 16, 2013, and also granted an Employee Stock Option Plan to its eligible employees – offering 35 million shares or about 2% of its authorized capital stock of 1.5 billion shares.
AUB extends P900-million credit facility to Roxas Holdings
Roxas Holdings, Inc. (RHI) signed last June 26 a P900-million credit facility with universal bank Asia United Bank (AUB).
The credit facility consisted of omnibus lines of P450 million each to RHI subsidiaries Central Azucarera Don Pedro, Inc. (CADPI) in Batangas and Central Azucarera de la Carlota, Inc. (CACI) in Negros Occidental.
RHI Executive Chairman Pedro E. Roxas said the lines granted by AUB, together with the Group's free cash flow, will enable the company to grow its business and improve its operational efficiencies.
Roxas Holdings' H1 Net Income up 36%
Sugar Group Roxas Holdings, Inc. (RHI; PSEi: ROX) today reported a net income of P205 million for the first semester ending March 31, 2013, 36% higher than the P151 million for the same period last year in spite of a drop in consolidated revenues.
RHI's consolidated revenues for the first half slid 19% to P2.9 billion from P3.5 billion last year, which included a one-time export of carry-over raw sugar from the preceding crop year,
amounting to P1.1 billion. However, Group Executive Chairman Pedro E. Roxas said RHI achieved a higher net income for the first half due to better gross profit margin, lower operating expenses, and reduced interest expenses.
Roxas Holdings posts Q1 net income of P34M
Roxas Holdings, Inc. (RHI) reported a net income of P34 million for the first quarter ending Dec. 31, 2012 versus a net loss of P32 million for the same period last year.
RHI Chairman Pedro E. Roxas said the turnaround was due to lower operating and financing expenses during the period.
Roxas Holdings hits record P667M Net Income for FY 2012
Listed sugar conglomerate Roxas Holdings, Inc. (RHI) reported today a net income after tax of P667 million for fiscal year 2012 ending September 30, its highest ever in its 85-year history.
The Group bannered the major turnaround, especially after suffering consecutive net losses of P765 million for three months ending September 30, 2011 (its new fiscal cut-off) and P742 million for 12 months ending June 30, 2011.
Roxas Holdings Posts P751M 9-month Income
ROXAS Holdings, Inc. (RHI), the country's largest sugar producer, posted a net income of P751 million for the first nine months of the fiscal year ending June, up from the P305 million net loss a year ago.
RHI Chairman Pedro E. Roxas disclosed the turnaround is primarily driven by higher margins, lower overhead expenses and reduced financing charges.
Roxas Holdings 8-mo. Income: P668M
Roxas Holdings, Inc. (RHI), the country's largest sugar producer, posted P668 million in profits as of May 31, 2012, or for the first eight months of its fiscal year ending September 30, 2012, RHI Chairman Pedro E. Roxas announced recently.
"Furthermore, the company's EBITDA, or earnings before interest, taxes, depreciation and amortization, rose to a record level of P1.5 billion," Mr. Roxas said.
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).
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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