SUGAR firm Roxas Holdings Inc. (RHI) on Wednesday said it will double its capital expenditure this year to P1.4 billion from about P700 million in 2015 to beef up bio-ethanol production.
Hubert Tubio, newly appointed RHI president and chief executive officer, said some P600 million of the total capex for 2016 will be earmarked for bio-ethanol while the remainder will go to its sugar business.
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