Central Azucarera De Tarlac

What Central Azucarera De Tarlac does

Central Azucarera de Tarlac (PSE: CAT) is a publicly listed Philippine integrated sugar manufacturer incorporated in 1927 and reincorporated in 1976, operating a sugar mill, refinery, distillery, and carbon dioxide plant on a 50-hectare site in Barrio San Miguel, Tarlac City, within the Luisita Agro-Industrial Complex. The company processes sugarcane sourced from the Tarlac district and nearby Pampanga towns through a vertically integrated production chain: a sugar mill with 7,200 tonnes cane-per-day capacity produces raw sugar under a 31%/69% mill-to-planter sharing arrangement; a refinery with 8,000 50-kg bags-per-day capacity converts raw sugar to refined sugar for industrial users via tolling fees; a 65,000 liter-per-day distillery converts captive molasses into rectified spirits, absolute alcohol, and denatured alcohol; and a 30,000 kg-per-day CO2 plant captures liquid carbon dioxide from distillery slops. Yeast is also produced as part of the integrated output.

Revenue is generated through four primary streams: raw sugar sales (approximately 58% of total operating revenue over the last three years), refinery tolling fees (23%), alcohol sales and tolling (16%), and liquid CO2 sales (3%). Sugar products are sold to industrial food and beverage manufacturers through trading intermediaries; alcohol products are sold directly to distillers of wine, alcoholic beverage manufacturers, and pharmaceutical producers; and CO2 is sold to industrial users. Operations are seasonal — the mill runs 5-6 months annually, the refinery 8-9 months, and the distillery and CO2 plant 4-5 months — tied to the agricultural cane cycle.

The company employs between 101 and 250 people, is led by Chairman and CEO Martin Ignacio P. Lorenzo and President and COO Fernando C. Cojuangco, and is governed by a board including independent directors with backgrounds in law, public administration, and corporate governance. CAT is headquartered corporately in Makati while its manufacturing operations are based in Tarlac City, and reports through standard Philippine SEC and PSE disclosure frameworks.

Name

Central Azucarera De Tarlac

Legal name

Central Azucarera de Tarlac

Website

https://luisitasugar.com

Company type

Public

Founded year

1927

Operating status

Operating

Headcount range

101–250 employees

Short description

Central Azucarera de Tarlac is a Philippine integrated sugar manufacturer producing raw and refined sugar, alcohol, liquid carbon dioxide, and yeast from sugarcane at its Tarlac City facility, serving industrial food/beverage, distillery, pharmaceutical, and industrial CO2 customers across Luzon.

Ownership category

akta.pro rank

Product category

Sugar Manufacturing

NAICS

Sugar Manufacturing (31131), Beverage and Tobacco Product Manufacturing (312), Sugar and Confectionery Product Manufacturing (3113), Beverage Manufacturing (3121)

SIC

Sugar & Confectionery Products (2060), Beverages (2080)

akta.pro primary industry

Cane Sugar (Raw & Refined) (AFAJAAAA)

akta.pro secondary industries

Distilled Spirits Production & Distilling (AFAFAAAC), Sugar & Sweeteners Trading/Wholesale (AFAIAKAB)

Keywords

• Sugar manufacturing
• Alcohol distillation
• Industrial sugar supply
• Carbon dioxide production
• Sugar mill operations

Headquarters

HQ city

Makati

HQ country

Philippines

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Others

Revenue model

1. Raw Sugar Sales: Raw sugar produced from the mill is sold to industrial users through traders. Raw sugar sales represent approximately 58% of the company's total operating revenue for the last three years. Mill operations run 5-6 months per year.
2. Refining Toll Fees: The refinery processes raw sugar for customers and collects tolling fees upon withdrawal of refined sugar from the company's warehouse. Refinery tolling fees represent approximately 23% of total operating revenue. Refinery operates 8-9 months per year.
3. Alcohol Sales and Tolling: The distillery produces and sells rectified spirits, absolute alcohol, and denatured alcohol to distillers of wine, manufacturers of alcoholic beverages, and pharmaceutical product producers. Also earns tolling fees from distillers whose molasses are processed. Contributes approximately 16% of operating revenues. Distillery operates 4-5 months annually.
4. Carbon Dioxide Sales: Liquid carbon dioxide produced from distillery slops is sold to industrial users. Carbon dioxide sales account for approximately 3% of total revenues. Plant operates 4-5 months annually.
5. Molasses Sales: Molasses, a by-product of sugar production, is shared between mill and planter (31%/69% ratio). Refinery's molasses production is solely owned by the refinery. Sold as a commodity product.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Central Azucarera de Tarlac operates an integrated sugar manufacturing facility in Barrio San Miguel, Tarlac City, Philippines, comprising a sugar mill (7,200 tonnes cane per day), refinery (8,000 50-kg bags per day), distillery (65,000 gauge liters per day), and carbon dioxide plant (30,000 kilos per day). The company produces raw and refined sugar, molasses, rectified/absolute/denatured alcohol, liquid carbon dioxide, and yeast, selling to industrial users, distillers, beverage manufacturers, and pharmaceutical producers.

Product overview

Central Azucarera de Tarlac is an integrated sugar manufacturing company operating a sugar mill and refinery, distillery, and carbon dioxide plant in San Miguel, Tarlac City. The company operates as a unified manufacturing operation producing raw sugar and refined sugar (primary products), along with processing molasses into alcohol and capturing carbon dioxide from distillery slops. The product portfolio centers on raw/refined sugar production (7,200 tonnes cane/day capacity, 8,000 bags refined sugar/day capacity), complemented by alcohol distillation (65,000 liters/day capacity) and carbon dioxide capture (30,000 kilos/day capacity). The company operates seasonally—approximately 5-6 months for the mill and 8-9 months for the refinery, with the distillery operating 4-5 months in tandem with refinery operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Raw Sugar

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators11 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Universal Robina Corporation: Large Philippine conglomerate with a sugar milling/refining arm (Universal Robina Sugar Division) plus branded foods. Comparable on sugar manufacturing economics but operates a much broader branded consumer portfolio, offering a different margin profile.

Direct peers

• Roxas Holdings, Inc. Philippine sugar miller and refiner with Central Azucarera Don Pedro and La Carlota assets, operating the same integrated mill-refinery model in Luzon/Visayas and listed on the PSE. Directly comparable on feedstock, end markets, and regulatory exposure.
• Victor Milling Company (Victorias Milling Co., Inc.): Long-established Philippine sugar milling and refining company operating in Negros Occidental, producing raw and refined sugar plus molasses. Comparable in business model (mill + refinery + byproducts) and Philippine regulatory environment.

Regional players

• Asian Sugar Refining Joint Stock Company: Vietnamese sugar refiner with milling capability, serving Asian sugar end markets. Comparable on raw and refined sugar manufacturing and trader-channel distribution, though operating in a different national regulatory environment.
• Thai Roong Ruang Sugar Group: Thai integrated sugar and ethanol producer with mills, refineries, and distilleries. Comparable vertically integrated model with alcohol/ethanol capture from molasses; serves as a regional benchmark for integrated Asian sugar economics.
• Mitr Phol Sugar Corporation: Thailand-based integrated sugar and ethanol producer operating mills, refineries, distilleries and power generation across Asia. Comparable on the cane-to-sugar-to-ethanol integration model and Asian market dynamics, but Thailand geography is different.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/central-azucarera-de-tarlac

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Central Azucarera De Tarlac