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October 13, 2014

RHI-CADPI sets up P7.5-M R&D fund to UPLB for the sugar industry

Sugar producer Roxas Holdings, Inc. (RHI; PSEi: ROX) yesterday signed a memorandum of agreement (MOA) with the University of the Philippines - Los Baños (UPLB) to spur research and development initiatives in the sugar industry, with endowment fund of P7.5 million to finance researches.

At the signing ceremonies, RHI Chairman Pedro E. Roxas said the collaboration signifies the commitment of the sugar group, through its subsidiary Central Azucarera Don Pedro, Inc. (CADPI), to improve the situation of the sugar industry, in partnership with UPLB.

“We are optimistic that this partnership will boost efforts to transform the Philippine sugar industry, starting with RHI’s CADPI, into a world-class sector and enable us to survive the scenario that comes with the reduction of tariff on sugar to 5% in 2015,” Mr. Roxas said.



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