San Carlos Milling CO., Inc. - Q.SML- Profile

San Carlos Milling Co., Inc. operates a raw sugar mill and sugar refinery on the west coast of Negros Island in the Philippines. The company produces raw sugar with molasses as a by-product. The company has embarked on extensive modernization of the mill's equipment which will increase capacity and milling efficiency. The company is directly controlled by Anpa Development Corporation which owns 67.24% of the company's stock. Purchased sugar accounted for 86% of fiscal 1995 revenues; refined and washed sugar, 13% and molasses and tolling fees, 1%.