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January 20, 2016

RHI ties up with DLSU on R&D


Sugar group Roxas Holdings, Inc. (PSEi: ROX; RHI) recently signed an agreement with De La Salle University in Manila for research and development that will delve into sugar and its by-products. RHI President & CEO Hubert D. Tubio said the agreement is the third that the Group signed with an educational institution since 2014 – the first two with the University of the Philippines in Los Baños and the University of St. La Salle in Bacolod City.
 
"We are optimistic that this partnership will change the landscape of the sugar industry in the Philippines as RHI and DLSU collaborate on research initiatives that would enhance the production and processing of sugarcane into sugar and other by-products," Mr. Tubio said. He added that this agreement would also redefine boundaries that will pave the way for endless opportunities in the sugar industry."RHI will provide a fund for DLSU to delve into researches that will enhance the benefits from sugar and related products, and hence, support other local sugar stakeholders especially in the face of mounting challenges that the global sugar industry faces,” Mr. Tubio said. DLSU President, Br. Raymundo Suplido is confident that the collaboration will spur the development of the sugar industry. "We are glad with this partnership and are excited to collaborate more closely with RHI in coming up with researches in connection with the sugar industry,” Mr. Suplido said. He also noted that DLSU, like its sister school USLS, would drive initiatives to widen the scope of sugar through collaborative researches.
 


Roxas Holdings, Inc. (RHI), a bio-sugar and bio-energy company, is the largest integrated sugar business in the Philippines. It manages sugar miller/refiner Central Azucarera Don Pedro, Inc. in Nasugbu, Batangas; sugar miller Central Azucarera de la Carlota, Inc.; ethanol producers Roxol Bioenergy Corporation in La Carlota, Negros Occidental and San Carlos Bioenergy, Inc. in San Carlos, Negros Occidental; and RHI Agri-business Development Corporation. It also holds 45% of affiliate Hawaiian-Philippine Company in Silay, Negros Occidental.

RHI is listed on the Philippine Stock Exchange (PSEi: ROX). Further information can be obtained by visiting the web at www.roxasholdings.com.ph