Roxas Sigma Gets P100M DBP Loan

Roxas Sigma Agriventures, Inc. (RSAI), a subsidiary of Roxas and Company, Inc. (RCI), is boosting its plant output following the approval of a P100 million facility with the Development Bank of the Philippines.

In a disclosure to the Philippine Stock Exchange, Edgar P. Arcos, Roxas and Company, Inc. (RCI) President and CEO and ex-officio RSAI President said that the loan will be used for the working capital requirement of its integrated coconut processing plant in Tupi, South Cotabato for the rest of 2021. RSAI is pushing Phase 1 of its expansion program to meet higher demand from international B2B customers in North America, Europe, and Asia Pacific.

Arcos expects a sharp production rebound in the second half of 2021 as demand for its coconut cream and milk, coconut water concentrate, and virgin coconut oil continues to rise. RSAI is a joint venture between majority owner, RCI and Sigma Xynergies, Corp.

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