RCI looking to ‘stabilize’ this year

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Roxas and Company, Inc. (RCI) expects its business ventures to stabilize in 2018, banking on its property projects and coconut processing plant to drive growth in the coming years.

“The plan for this year is stabilize. What we did last year was implement, complete projects, get them started. This year is stabilize…The team’s working well together, they’re doing what they can to improve operations,” RCI President and Chief Executive Officer Fernando L. Gaspar told reporters on the sidelines of the company’s annual shareholders’ meeting in Makati City on Wednesday, May 23.

The listed holding firm of the Roxas family started operations of its coconut processing plant located on a 21,945-square meter (sq.m.) land in Tupi, South Cotabato last October 2017. The facility has the capacity to process 300 metric tons of raw coconut per day to be used for the production of coconut milk, coconut cream, virgin coconut oil, and coconut water concentrate, all of which are for export. — Arra B. Francia