SL Agritech brings hybrid rice farming to Myanmar

06 Oct Posted by Administrator

The Philippine Star

Hybrid rice and seed grower SL Agritech Corp. has signed an agreement with the government of Myanmar to provide technical assistance in growing hybrid rice.

The agreement was signed between Mynamar Agriculture Minister Myint Hlaing and SL Agritech Chairman Henry Lim Bon Liong in the presence of Agriculture Secretary Proceso Alcala.

Myanmar made the invitation to SL Agritech during the Asean Agriculture Ministers Summit held in Makati last month.

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SL Agritech eyes P1 B from commercial papers

21 Sep Posted by Administrator

The Philippine Star

MANILA, Philippines - SL Agritech Corp., a leading producer of hybrid rice seeds and premium rice in the country, plans to issue up to P1 billion in commercial papers.

The company obtained an issuer rating of PRS Aa  from the Philippine Rating Services Corp.

A company rated PRS Aa differs from the highest-rated corporates only to a small degree, and has a strong capacity to meet its financial commitments relative to that of other Philippine corporates.

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SL Agritech allots P200 M for production, expansion

07 Sep Posted by Administrator

MANILA, Philippines – Hybrid rice and seeds producer SL Agritech Corp. is set to spend P200 million next year to increase its production locally and expand its footprint in new markets abroad.

In an interview, SL Agritech senior vice president Cathy Galura told The STAR the company is now finalizing investments for a venture in Myanmar.

“The Minister of Agriculture there is asking us to do the same business as to what we have here. So that will likely require a rice and seed production plant. But we will be doing that with local partner as well,” she said.

Aside from its venture in Myanmar, SL Agritech also intends to invest heavily on the expansion of its facilities in the country to cater to the rising demand for its products.

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