Roxas bioethanol affiliate resumes operations

Listed Roxas Holdings Inc. unit Roxol Bioenergy Corp. (RBC), had started maintenance repairs in its La Carlota City plant following a 30-day suspension by the city government due to foul odor the plant emits.

Roxas Holdings reported to the stock exchange the office of La Carlota City Mayor Luis Jalandoni III of Negros Occidental served a cease and desist order (CDO) dated September 9, against Roxol Bioenergy Corp.’s plant in Barangay Nagasi, La Carlota City.

“The local government said the suspension of the CDO, which was served last Friday evening, may be lifted at any time as soon as RBC demonstrates a substantial mitigation of the complained odor.

RBC is committed to institute long-term solutions to address the issue,” Florencio Mamauag Jr., RBC Vice President and Legal and Corporate Affairs Compliance Officer, said.

“RBC had voluntarily suspended its operations last Friday morning and implemented 15 days earlier than scheduled, the regular annual off-season repairs and maintenance of its plant, and immediately addressed the alleged foul odor,” Mamauag said.

Roxas Holdings, Inc. was incorporated in 1927 in Nasugbu, Batangas as a sugar milling company and was then known as Central Azucarera Don Pedro, Inc. (CADP).
As result of rising global competition, the company embarked on an expansion and modernization program in 1994 enabling it to become an integrated sugar manufacturing corporation with state-of-the-art refinery.

In 2002, the company commenced a corporate reorganization program to transform itself into a holding and investment corporation.

The company integrated its sugar businesses under a subsidiary known as CADP Group Corp. The company is currently engaged in the sugar, tolling/refining, bioethanol, and power businesses. RIZA LOZADA