URC acquires Iloilo sugar mill
Universal Robina Corp., the snack food and beverage manufacturing arm of Gokongwei (URC) holding firm JG Summit Holdings Inc., has acquired the manufacturing assets of the Iloilo-based PASSI Sugar Central Inc.
URC president and chief operating officer Lance Y. Gokongwei said the purchase would “catapult the company to become the
PASSI is the largest raw sugar producer in the
URC, on the other hand, currently operates cane sugar mills and refineries in
In fiscal year 2006, URC produced approximately 166,000 metric tons of raw sugar and 1.7 million 50-kg bags of refined sugar.
URC is currently expanding its Sonedco milling capacity by an additional 4,000 tons of cane per day. The expansion is scheduled for completion next month. It recently commissioned a new refinery in the Negros Occidental-based mill, increasing its refining capacity by 15,000 50-kg bags per day.
URC is one of the largest branded food companies in the
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