Universal Robina Corporation recently celebrated the 25th anniversary of its sugar division, a press release from the company said.
The milestone, was marked at the URC-Southern Negros Development Corporation in Kabankalan, Negros Occidental, and Universal Robina Sugar Milling Corp. in Manjuyod, Negros Oriental, its very first sugar mill.
“We are ready to face the challenges ahead. We can do this if we all work together,” Lance Gokongwei, president and chief operating officer of JG Summit Holdings Inc., said during the anniversary celebration.
The event, on the theme “25 Years of Pursuing Organizational Excellence and Cultivating Business Partnerships,” was attended by sugar planters, and molasses traders, local government officials, special friends and URC Sugar’s employees, the press release said.
Gokongwei said “I would like to take this opportunity to thank the planters who have supported us through the years...to the sugar and molasses traders for the support to planters and the mill through competitive market prices of sugar and molasses...as well as to the employees for their dedication and commitment.”
He revealed that URC is investing around $35M to put up a distillery plant with 100,000 liters per day capacity of fuel grade anhydrous ethanol suitable for gasoline blending using sugar molasses as feedstock generated from their existing sugar mills.
The plant will be located in Bais and will be completed by the first quarter of 2014.
URC also plans to invest around $62M in putting up a state of the art 46MW biomass-fired power cogeneration facility in SONEDCO Sugar Mill.
This project is expected to generate electricity from the combustion of bagasse and will feed surplus electricity to the grid, the press release said.
During the event, plaques of appreciation were awarded to employees who have served the corporation in the past 25 years.
Business partners were also given recognition for contributing to the success of the company, the press release said.*