Roxas and Co. to Increase Output of Coconut Processing Plant

Roxas Sigma Agriventures, Inc. (RSAI), subsidiary of Roxas and Co., Inc. (RCI) is set to boost production from its integrated coconut processing plant after securing a Ph100 million loan from the Development Bank of the Philippines, RCI disclosed this week.  RCI president Edgar Arcos said the loan is for the working capital for the rest of this year of the processing plant located in the town of Tupi, South Cotabato.

“The company expects a sharp production rebound in the second half of 2021 as demand for its coconut cream, coconut milk, coconut water concentrate, and virgin coconut oil continues to rise,” Mr. Arcos said. RSAI is pushing the first phase of its expansion program to meet stronger demand from international business-to-business customers in North America, Europe, and Asia-Pacific.