SL Agritech advances rice seed production

18 Dec Posted by Administrator

by Madelaine Miraflor, Manila Bulletin

SL Agritech Corporation (SLAC), country’s biggest hybrid rice seeds producer, has advanced its plan to start producing rice seeds in China.

SLAC Chairman Henry Lim said the company “has signed a foreign partnership in China” to start the production of seeds in the country.

“We are in talks with a company. It’s the company called Hongzhi. It’s a publicy listed company. [We will have] a partnership to produce hybrid rice seeds,” Lim said. “This will be a five-year plan.”

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SL Agritech taps debt market to finance third seed processing plant

16 Dec Posted by Administrator

by Madelaine B. Miraflor, Manila Bulletin

SL Agritech Corporation (SLAC), country’s biggest hybrid rice seeds producer, has tapped the debt market for the second time this year to fund the development of its third rice seed processing plant in Mindanao.

SLAC just raised R1.5 billion through the public offering of short-term commercial papers (STCPs), which were formally listed at Philippine Dealing Exchange (PDEX) on Tuesday.

SLAC Chairman Henry Lim told reporters during the listing ceremony that bulk of the proceeds from the issuance will bankroll the development of the company’s newest rice seed processing center in Davao del Sur.

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Iloilo farmers expand rice output via SL Agritech Corp.’s hybrid seeds

22 Nov Posted by Administrator

Rice farmers in Iloilo—the rice granary of the Visayas—expanded their average output to 10.71 metric tons (MT) per hectare using the the SL-8H seeds from SL Agritech Corp. (SLAC).

Some 10,000 hectares in Iloilo are planted with hybrid-rice seeds, according to SL Agritech.

Despite the severe El Niño, Iloilo remains to be a rice surplus province, especially as farmers ventured into SL-8H hybrid rice that sent yield average to 4.09 MT per hectare.

This is an overall increase of nearly 1 MT (0.86) per hectare compared to the 2015 average of 3.23 per hectare (based on the Philippine Statistics Authority) for the entire Iloilo, according to Asst. Provincial Agriculturist Elias V. Sandig Jr.

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