Wednesday 23 January
Powered by Ajaxy
Mar 1, 2016 @ 11:49

Gokongwei’s URC Sugar and Renewables-Balayan gets sugar milling license

The Sugar Regulatory Administration has approved the application of Universal Robina Corporation’s Sugar and Renewables Balayan (URC SURE-Balayan), bringing to 28 the number of sugar mills operating for crop year 2015 to 2016.

The SRA issued Circular Letter No. 17 dated February 18, 2016 approving and granting URC SURE Balayan’s milling license. The approval was signed by SRA administrator Ma. Regina Bautista-Martin.

The Philippines’ sugar milling season begins in November and ends at around April.

URC SURE Balayan is the Gokongwei’s fifth sugar mill. Data on its capacity is not immediately available.

URC has a sugar mill in Cagayan, URC-Carsumco, which has a capacity of 4,000 tons of cane per day.

It has two mills in Negros Oriental, URC-Ursumco in Manjuyod which has a capacity of 8,000 TC/D and URC-Tolong in Sta. Catalina which has a capacity of 4,000 TC/D.

Its largest is URC-Sonedco in Negros Occidental which has a capacity of 9,500 TC/D. There is also URC-Passi in Iloilo which has a capacity of 4,500 TC/D.

URC’s sugar mills supply the requirements of its branded foods business.

In the quarter ending December 2016, URC’s sugar business decreased by 8.5 percent because of the decline in the production of refined sugar and tolling sales volume.

Sales of its commodity foods segment, however, increased by 33 percent.

Philippine sugar production is expected to drop this year because of the dry spell. The area planted to sugar cane is estimated to shrink to 411,502 hectares from almost 417,000 hectares in the previous crop year.

The amount of sugar cane production is expected to plunge to less than 14,000 metric tons from a little over 23,000 metric tons in the previous crop year.

As a consequence, raw sugar and refined sugar production are also expected to fall drastically to just 1.3 million metric tons and barely half a million tons, respectively. (By: Eileen A. Mencias)


Trending News

Recommended on sister sites

Copyright © 2019 Food Evolution -