Victorias Milling Company, Inc. (VMC) is a corporation duly organized on May 7, 1919 toengage in integrated raw and refined sugar manufacturing. VMC's sugar plant facilitiesare located in Victorias City, Negros Occidental.In the mid 1990s, VMC encountered financial difficulties due to its failure to effectivelycontain rising overhead costs against a backdrop of falling domestic prices of sugar, andincreasing competition from both new and expanded sugar mills and refineries. Aftergoing through different stages of legal proceedings, VMC came up with an AlternativeRehabilitation Plan (ARP) that was approved by the Securities and ExchangeCommission on November 29, 2000.The operating subsidiaries of VMC include Victorias Foods Corporation, CanetownDevelopment Corporation, Victorias Quality Packaging Corporation, Victorias Golf &Country Club, Inc., and Victorias Agricultural Land Corporation. These subsidiaries areengaged in several businesses such as fish canning, real estate, sugar sacksmanufacturing and packaging, and golf course and restaurant operations.
http://www.victoriasmilling.com
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