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August 07, 2015

RFI receives USAID grant

Roxas Foundation, Inc. (RFI), the social arm of listed Roxas Holdings, Inc., was recently awarded a grant by the United States Agency for International Development (USAID) for its community project, "Turning A New Leaf: Threads and Weaving From Sugarcane."
 
The grant will be used by RFI to help fund a pioneering technology that will extract fiber from sugarcane stalks and convert them into more useful thread and weaving textile. The textile can then be used to produce indigenous and earth-friendly materials that will help augment the income of the foundation’s communities in Batangas and Negros Occidental during farming off-season.
 
RFI president Bea O. Roxas signed the contract with USAID mission director for the Philippines Gloria Steele and Gerry Roxas Foundation executive director Rosamund Parado (as shown in the photo) at a special reception held at the Sining Saysay Gallery last August 6, 2015. The project implementation will be from August 2015 to September 2017.
 
RFI is one of twelve (12) grantees of the USAID’s US$24 million Philippine-American Fund, a grant facility managed by the Gerry Roxas Foundation and institutional partner SGV&Co.


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