Victorias Milling Company, Inc. Approves Board Nominations
January 08, 2019 at 11:21 am IST
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Victorias Milling Company, Inc.'s board approved the nomination of Reggie Hannah Y. Lorenzo and Anna Rosari3o V. Paner by the Legal, Nominations, Corporate Governance and Related Party Transactions Committee, as nominees to the Board of Directors for the year 2019-2020, for election at the 6 February 2019 Annual Stockholders' meeting.
Victorias Milling Company, Inc. is a Philippines-based integrated raw and refined sugar company. The Company operates mill and refinery facilities for sugar and allied products, as well as engineering services. The Company's segments include Sugar Milling, Distillery Operations, Power Generation and Others. Its Sugar Milling segment is engaged in the sale of raw sugar and molasses. Its Distillery Operations segment produces alcohol and ethanol with an actual daily capacity of 50,000 liters with molasses as the primary raw material. Molasses is sourced from sugar operations which produce it as a by-product. The Power Generation segment is engaged in the business of power generation derived from renewable energy resources for the wholesale of electricity to power companies, distribution utilities, electric cooperatives, retail electricity suppliers, aggregators and other customers. The Others segment includes food processing, real estate sales, leasing and entertainment.