Corporate Profile
About Roxas & Company, Inc.
Roxas & Company, Inc. (formerly CADP Group Corp.), a publicly-listed firm (PSE trading symbol: RCI), is the holding company of the Roxas Group. Its main holdings are raw real estate located in Nasugbu, Batangas, sugar-related assets and businesses held through Roxas Holdings, Inc. (RHI), another publicly-listed company (PSE trading symbol: ROX) and real estate development through its property arm, Roxaco Land Corporation (Roxaco).
In 2008, the Roxas Group underwent a corporate reorganization, which ultimate goal is to separate the sugar and real estate businesses of the Group into two PSE-listed firms.
As a result, only RHI remained as the listed holding company for the sugar related businesses, while CADPGC was merged with Roxas & Company, Inc. (RCI), the Group’s parent company, which holds interests in real estate. This move also eliminated the extra holding company layer for the sugar related businesses which reduced the redundancies in the group and improved its efficiency.
Roxas Group Structure
Sugar-Related Assets and Businesses
Roxas Holdings, Inc. (RHI), another publicly-listed firm, owns and operates the largest milling operations and is the second largest refiner of sugar in the Philippines, producing 19% of the raw sugar and 18% of the refined sugar in the Philippines in 2008. Together, the complementary locations of the sugar mills enable RHI to serve customers throughout the Philippines.
Central Azucarera Don Pedro, Inc., located in Batangas, is able to provide the refined sugar requirements of traders and industrial customers such as multinational food and beverage and pharmaceutical companies in Luzon. Central Azucarera dela Carlota, Inc., based in Negros Occidental where there is substantial sugar activity and also near the port for export, is also able to meet the raw sugar requirements of the traders who deal with local and export consumers. In addition, it holds a 45 percent-equity in Hawaiian-Philippine Co., another sugar mill based in Negros Occidental.
Property and Property Development
Roxaco Land Corporation, a wholly owned subsidiary of RCI, was incorporated on April 1988 by the principals of RCI for the purpose of acquiring real estate for investment, development and sale. RCI is the registered owner of several hundred hectares of land in Nasugbu, Batangas. The land bank will be developed over the years based on an integrated master plan. Roxaco is envisioned to be a leading property developer delivering value to its customers in high-potential regions in the Philippines.