Victorias Milling Company, Inc. Promotes Eduardo V. Concepcion as President and Chief Executive Officer and Minnie O. Chua as Chief Operating Officer
August 01, 2017 at 12:49 pm IST
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Victorias Milling Company, Inc. announced promotion of Eduardo V. Concepcion from designation of President and Chief Operating Officer to President and Chief Executive Officer, Minnie O. Chua from designation of Deputy Chief Operating Officer to Chief Operating Officer, effective on August 1, 2017.
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.