Press Releases
28 September 2011
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.
17 August 2011
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.
07 Feb 2011
Board orders curbs on sugar smuggling by checking premixes
Bacolod City - The Sugar board has issued an order to prevent the smuggling of imported sugar into the country in the guise of premixes, Sugar Regulatory Administrator Gina Martin said on Thursday.
Premixes are food preparations that contain sugar with added flavoring and/or coloring. These are allowede to enter either at reduced or zero tariff, unlike imported sugar that is subjected to a 38-percent tariff.
Martin said the Sugar Board, which she chairs, issued an order on Tuesday to improve the system of issuing premix clearances.
03 July 2009
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.
According to the ICD, RHI’s score is much higher than the average score of 72 percent for the 169 Philippine publicly-listed companies that participated in the 2008 corporate governance scorecard.
In 2005, the ICD launched the scorecard, which adopts the template used by other East Asian countries such as Thailand, Hongkong, China and Indonesia, to promote transparency and accountability and the general practice of good corporate governance. At the same time, the scorecard aims to provide a standard method for measurement, ranking and progress tracking of corporate governance practices.
The scorecard uses the five categories being broadly observed globally – the right of shareholders, equitable treatment of shareholders, the role of stakeholders in corporate governance, disclosure and transparency and board responsibility.
17 June 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
30 March 2009
Roxas Group appoints executive team in key units
THE ROXAS Group has announced the appointment of its executive officers in three of its key operating arms in the wake of a corporate reorganization it is undergoing aimed at streamlining its businesses into strategic units.
Pedro Roxas, concurrent Chairman of listed sugar unit Roxas Holdings, Inc. (RHI) and real estate units Roxas and Company, Inc. (RCI) and Roxaco Land Corporation (RLC), explained the appointments are primarily meant to transfer the officials of CADP Group Corporation (CADPGC), another listed sugar arm of the Group, to RHI as a result of the reorganization.
“The change in the Group’s executive team is an outcome of the corporate reorganization we implemented in December last year when we consolidated our sugar-related businesses, RHI and CADPGC, into one listed firm to reduce redundancies and improve our overall efficiency,” Mr. Roxas said.
“CADPGC, on the other hand, will be merged with RCI, which has substantial real estate interests. With this, we will achieve a cleaner and more transparent corporate structure with one arm for the sugar-related subsidiaries and the other for the real estate interests of the Group,” he furthered.
During the companies’ respective board meetings last week, RHI President and Chief Operating Officer Francisco del Rosario Jr. was appointed President and Chief Executive Officer of RCI and RLC to help oversee the Group’s real estate interests.
At the same time, Mr. del Rosario, who was former Chairman of Development Bank of the Philippines and Undersecretary of the Department of National Defense, will continue to help spearhead RHI’s strategic direction, this time as the sugar unit’s Vice Chairman.
Taking over Mr. del Rosario’s post in RHI is Ramon Picornell, Jr., CADPGC’s President and Chief Executive Officer. Mr. Picornell, who rose from the ranks during his 33-year stint in the Group, is one of the proponents in enhancing the Group’s relations with its employees and workers, which continues to earn citations in the field of labor management.
In addition, Mr. Picornell led the team that implemented the Group’s modernization and expansion program in its Batangas operations during the 1990s as well as the adoption of a quality management system in the two manufacturing sites that earned them an International Standards Organization certification.
Asuncion Aguilar, who has been with the Group for 15 years, will continue to be RHI’s Senior Vice President for Finance and Treasurer, while Florencio Mamauag Jr., who has been with the Group for 13 years, will remain as Vice President for Legal.
Other appointments in RHI are Melchor Layson as Vice President for Strategic Projects, Elizabeth Nasol as Vice President for Corporate Human Resources and Ramon Reyes as Vice President for Marketing.
Appointed in RHI’s operating subsidiaries are Dean Guevarra as Vice President and Resident Manager of Central Azucarera Don Pedro, Inc., Eduardo Concepcion as Vice President and Resident Manager of Central Azucarera dela Carlota, Inc. and Luis Mari Zabaljauregui as Vice President for Operations of Roxol Bioenergy Corporation.
Aside from its consistently strong balance sheet, the Group’s management team is credited as having spearheaded the aggressive strategic programs within recent years. These include the massive expansion of the Group’s sugar manufacturing capacity as well as its entry into the bioethanol foray.
The Group is the largest producer of raw sugar and the second largest refiner in the country, having contributed to 19 percent and 18 percent of the 2008 national production, respectively.
“The Roxas Group takes pride in its deep roster of management team – both executive and staff levels – and we espouse a progressive approach in honing them to adapt to the challenges of an increasingly competitive environment,” Mr. Roxas remarked.
CADPI RECEIVES 4TH ENVIRONMENT AWARD FROM NESTLE. 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.
Receiving the award from Nestle President and CEO Mr. Nandu Nandkishore and other Nestle executives on January 21, 2009 at the Mandarin Oriental Manila are officers and managers of CADPI – Mr. Dean Guevarra, Vice President and Resident Manager, Mr. Ramon Reyes, Vice President for Corporate Marketing, RHI, Mr. Jeffrey Mijares, Group Manager for Environmental Management and Safety (EMS) Group and Mr. Florante Panganiban, EMS Department Head.
21 January 2009
Photo Release
WORLD BANK, ROXOL BIONERGY SIGN CARBON FINANCE DEAL. The World Bank will purchase at least US$3.2 million worth of carbon emission reduction credits from Roxol Bioenergy Corporation, the bioethanol unit of listed sugar group Roxas Holdings, Inc. (RHI).
The World Bank and Roxol recently signed an Emission Reductions Purchase Agreement (ERPA) that will avoid air and water pollution, mitigate the impact of climate change and help address poverty in La Carlota City, Negros Occidental, where Roxol’s ethanol plant is located.
Under the ERPA, which has a crediting period of 10 years, the World Bank will purchase the carbon credits coming from the operation of Roxol’s wastewater treatment facility and the methane gas recovery system of its ethanol plant.
Photo shows Mr. Pedro E. Roxas (third from left), Roxol Chairman and Mr. Bert Hofman (fourth from left), World Bank Country Director, at the signing of the ERPA. Flanking them are (Seated, from left): Ms. Asuncion S. Aguilar, RHI Senior Vice President for Finance & Treasurer; Mr. Ramon A. Picornell, Jr., Roxol President and Chief Executive Officer; Mr. Francisco F. Del Rosario, Jr., RHI President and Chief Operating Officer; Ms. Mary Anne Lucille Sering, Department of Environment and Natural Resources Undersecretary for Administration, Finance & Legal; Mr. Rahul Raturi, World Bank Sector Manager and Mr. Mark Woodwand, World Bank Sustainable Development Leader.
Standing (from left): Mr. Noel Concepcion, RHI Ethanol Teal Member; Mr. Eduardo V. Concepcion, Central Azucarera dela Carlota, Inc. Vice President & Resident Manager; RHI Ethanol Project Team Members Mr. Ruben Jacildo and Ms. Susan Urbanozo; Mr. Santiago Z. Ureta, RHI Ethanol Project Head Consultant; Mr. Jonas Bautista, World Bank Philippines Sustainable Development Unit Consultant; Mr. Florencio M. Mamauag, Jr., RHI Vice President for Legal; Mr. Jeffrey G. Mijares, Ethanol Project Team Leader; Mr. Josefo Tuyor, World Bank Senior Operations Officer; Mr. Luis-Mari Zabaljauregui, Roxol Vice President; Mr. Gerardo Parco World Bank Wastewater Treatment Consultant; World Bank Community Development Consultants Ms. Maria Theresa Quiñones and Ms. Victoria Florian Lazaro; Mr. Roy Luntayao, RHI Community Development Group Manager; Mr. Miguel A. Gaspar, CADP Group Corp. Vice Chairman and Ms. Cielo Sy, World Bank Management Staff.
21 January 2009
Photo Release
WORLD BANK, ROXOL BIONERGY SIGN CARBON FINANCE DEAL. The World Bank will purchase at least US$3.2 million worth of carbon emission reduction credits from  RoxolBioenergy Corporation, the bioethanol unit of listed sugar group Roxas Holdings, Inc. (RHI).
The World Bank and Roxol recently signed an Emission Reductions Purchase Agreement (ERPA) that will avoid air and water pollution, mitigate the impact of climate change and help address poverty in La Carlota City, Negros Occidental, where Roxol’s ethanol plant is located.
Under the ERPA, which has a crediting period of 10 years, the World Bank will purchase the carbon credits coming from the operation of Roxol Bioenergy’s wastewater treatment facility and the methane gas recovery system of its ethanol plant.
Photo shows (from left): Mr. Pedro E. Roxas, Roxol Chairman and Mr. Bert Hofman, World Bank Country Director at the signing of the ERPA. Flanking them is Mr. Jeffrey Mijares, RHI Ethanol Team Project Leader.
14 January 2009
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).
21 October 2008
Photo Release
For Immediate Releae
ROXAS GROUP LAUNCHES NEW WEBSITES
Listed sugar conglomerate Roxas Holdings, Inc. (RHI) and its subsidiary, CADP Group Corporation (CADPGC), recently tweaked their websites to provide more information to better serve the needs of their stakeholders such as shareholders, customers and traders, planters and the general public. The enhanced websites of RHI (www.roxas.com.ph) and CADPGC (www.cadpgroup.com.ph) now contain their latest corporate disclosures, financial statements, corporate governance reports and news and updates.
This move forms part of the group’s commitment to disseminate accurate corporate information in a timely and efficient manner amid its massive expansion program.
Shown in photo during the websites’ launch are: Asuncion S. Aguilar, RHI Senior Vice President for Finance and Treasurer, Francisco F. del Rosario, Jr., RHI President and Chief Operating Officer, Pedro E. Roxas, RHI Chairman and Chief Executive Officer and Ramon A. Picornell, Jr., CADPGC President and Chief Executive Officer.
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.
Furthermore, the consolidation eliminates the extra holding company layer that exists at present, which will reduce redundancies and improve overall efficiency of the Group.
With the consolidation, CADPGC will, in turn, be merged with Roxas & Company, Inc. to become the entity for the group’s real estate interests.
We believe that the new corporate structure will be viewed by the market and investors as cleaner and more transparent.
PEDRO E. ROXAS
Chairman and Chief Executive Officer
ROXAS HOLDINGS, INC.
30 June 2008
Roxas group taps Indian firm to build P1 billion-ethanol plant
ROXOL Bioenergy Corporation (RBC), the bioethanol arm of listed sugar conglomerate Roxas Holdings, Incorporated (RHI), has tapped an India-based firm for the setting up of a turnkey bioethanol plant amounting to about P1 billion in Negros Occidental.
On Friday (June 27), RBC engaged KBK Chem-Engineering Pvt. Ltd. to design, build and activate the production facilities and equipment for the bioethanol plant.
18 February 2008
Roxas Holdings gets another P2 billion-loan for future expansion, ethanol business
Listed sugar conglomerate Roxas Holdings, Inc. (RHI) recently obtained another P2 billion-loan facility from Bank of the Philippine Islands (BPI) and Rizal Commercial Banking Corporation (RCBC) to complete the P5.8-billion capital it needs to bankroll its capacity expansion and entry into the ethanol sector.
11 February 2008
Roxas Holdings secures P4.69 billion loan to bankroll expansion
The strategic expansion program of listed sugar conglomerate Roxas Holdings, Inc. (RHI) is now underway with the recent completion of a P4.69 billion-loan from BDO-EPCI, Inc. to bankroll its capacity expansion projects and building of an ethanol-fuel plant.
28 November 2007
Roxas Group builds up competitive position
LISTED INVESTMENT AND MANAGEMENT COMPANY ROXAS HOLDINGS, INC. (RHI), which manages one of the country’s largest sugar manufacturing companies, announced its strategic agenda on Wednesday that will help place the group in a competitive advantage against less expensive sugar that will enter the country beginning 2010. |
into the ethanol sector.
RHI will expand its sugar milling and refining subsidiaries to increase its revenue-generating capability and enhance its cost-competitiveness to place RHI in a competitive advantage against low-priced imported sugar that will enter the country beginning 2010 under the ASEAN Free Trade Agreement. 
Roxas Holdings, Inc. held its Annual Stockholders’ Meeting on November 27, 2007 at the New World Renaissance Hotel, Makati City. Photo shows (From L-R): Messrs. Renato Valencia, Director, Ramon del Rosario, Jr., Director, Francisco del Rosario, Jr., President and Chief Operating Officer, Pedro Roxas, Chairman and Chief Executive Officer, Lorna Kapunan, Corporate Secretary and Santiago Elizalde, Director.
