RD Corporate Data

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Background

Approximate location of Madang, Papua New Guinea in yellow

Jan 21 2010: According to RD, the current cannery is located on 6.5 hectares of land, with another cannery established 20km away. RD want to significantly increase production on 860ha of land at Vidar with capacity to hold 7000 metric tonnes in cold storage.

Tuna Background

Tuna Earning set to double (newspaper article) - October 31, 2000

Rice RD Tuna Ventures Moves Into Rice Farming - April 10, 2003

Top Profits for RD Tuna - April 30, 2003

Manila Firm goes online (newspaper article) - June 26, 2003

RD Tuna exports hit $23.42 million (newspaper article) - September 22, 2003

RD Registered Names (Phillipines).

RD Tuna Canners Pty Ltd - Corporate Extract (PNG)

Penbank (Peninsula Bank) - Phillipines Celebes Canning Corporation - Philippines
First Dominion Prime Holdings - Philippines
Philbest - Philippines
Genpack - Philippines Yamaoka Nippon Corporation

RD Fishing vessels at Vidar Port.

Background

RD is controlled by Phillipino businessman Rodrigo Rivera and his family.

RD in the Philippines have 31 managers/officers and 47 employees. This is a family corporation with only 9 stockholders, all Riveras from General Santos and Cebu. Authorized capital stock is 750 million pesos (abt US$13.5M) with 2/3 of that subscribed. Their unrestricted retained earnings as of last fiscal year is P17M (US$300,000). It was only incorporated in May 1999 and started operations in 2000.

RD Corporation Company Origins:

The RD group of companies began in 1976 as a pawnshop in General Santos City in the Philippines.

General Santos Philippines (marked in red) in relation to Madang (marked in yellow).

RD Corporation was incorporated in the Philippines in1999 and is now the holding and management company of the RD Group of Companies, a family-controlled conglomerate founded and managed by Rodrigo E. Rivera, Sr., its President & Chief Executive Officer. The CEO’s wife, Dolores C. Rivera, is Executive Vice President & Treasurer.

The stated vision of the founders is “to establish an enterprise, that will provide job opportunities for the Filipino people, minister to their spiritual needs, and improve the quality of their lives".

Main Interests: The group now consists of 40 subsidiaries and major divisions engaged in various ventures including fishing, agri-business, manufacturing, processing, banking, pawning, insurance, real estate development, hotels and retailing of hardware and fishing supplies, mainly operating in the Philippines and now also in Papua New Guinea and Indonesia.

The Rivera family is also engaged in cattle ranching, prawn farms and hatcheries, exports and imports of food products, jewellery and shipping.

RD Tuna Ventures ranked 39th with 6,687.11 (TGRT) & 16 (TVESSEL) in regards to Philppino Fishing Companies in regards to tonnage in 1999.

South Sea Fishing Ventures Phils (another RD owned company) ranked 28th with 9072.21 (TGRT) and 20 (TVESSEL)

PNG Operations: RD Fishing Group, based in General Santos City, operates a state of the art tuna cannery in PNG and is considered one of the biggest investments even made by a Filipino businessman in the Pacific Island Nation. RD has been vigorous in developing its fishing and canning operations in Papua New Guinea. The company has a large cannery, RD Tuna Canners in Madang. The Madang operations have been the subject of controversy since their inception, with local people complaining of pollution, low wages and poor work conditions inside the factories and resource depletion resulting in prostitution in exchange for fish.

RD Tuna enjoyed a five-year tax exemption from the PNG government for its ‘pioneering’ activities, and has signed a fishing agreement with the PNG Government covering the company until 2015. Local landowners and supporters have launched a campaign against the company.

The Vidar Wharf cannery complex is currently under expansion with the growth of the capacity of the cold storage facility from 600 metric tonnes to 2000 tonnes. This expected additional capacity that cost US$1.4 million makes this cold storage facility the biggest in the South Pacific.

RD's PNG operations are controlled by one of Rodrigo's sons. All decisions relating to issues of over 100K go through the son who is based in Madang.

Its' owner Mr Rodrigo Rivera was named honorary consul-general by the PNG government for its significant contribution to the country's economy. (Sun Star Davao)

http://www.mindanao.org/news/0309/01.htm background on rivera.

Approximate locations of RD Tuna Cannery (red dot) and Vidar Port (yellow dot). The town of Madang is on the left of the image.

Tuna Background

RD Tuna produces the Diana brand for the PNG market and also exports to Fiji, Vanuatu and Solomon.

It is currently looking at the Tongan and Samoan markets. Roughly 30% of its production are sold in the region while the rest are exported to Europe and United States of America under different brands.

RD Tuna Company in Madang has undertaken a major expansion. It is upgrading its existing 600 metric ton cold storage to 2,000 metric ton capacity at Vidar Wharf, North Coast of Madang Province. This expected additional capacity that cost US$1.4 million makes this Cold Storage the biggest in the South Pacific. Also a new 200 metric ton per day capacity tuna canning plant is expected to start its construction in the third quarter of this year.

The current RD tuna plant is built several miles from the seaside. The new factory is planned to be built close to the new cold storage and RD wharf Madang. The RD company cannery in Madang, PNG, producing ‘Diana’ tuna is another example where the generation of domestic value added rests on employment and local purchases given that the company pays no import or export duties, can make a double deduction for its export market development expenditures, and is favoured with a five-year company tax holiday.

The fishing licence agreement is a long term one, with fishing licences being renewed for 5 yearly periods up to 20 years, thus reducing the risk in the heavy on-shore investment made by the company. The government also gives protection to RD from imports of canned tuna into PNG (personal communication Rodrigo Rivera, Chairman and President, RD Tuna Canners).

The withdrawal by Pafco from canning and the reduction in production from the Noro plant appear to give RD an opportunity to increase its sales in Pacific Island countries.

RD Fishing vessels at Vidar Port.

Registered RD Names: Securities Exchange Phillipines.

ANCHOR DRIVING RANGE

ANCHOR HOTEL

GEN-SAN SHIPYARD AND MACHINE WORKS INC

HOTEL DOLORES

PENINSULAR RURAL BANK

PHIL BEST CANNING CORPORATION

RD FISH HATCHERIES, INC., RRN20020629040342467

RD & CO. JEWELLERS & GEMOLOGISTS INC

RD & DL ENT. CO

RD COMM CONSULTANCIES INC.

RD ALMADA TRADING CO.

RD AUTO CARE CENTER CO.

RD COLD STORAGE

RD CONS. CO.

RD CORP

RD CREDIT CORP.

RD DYNAMIC MARINE SVCS. CO

RD ELECTRONICS CORP.

RD EXPORT AND PROCESSING PLANT

RD FARMS

RD FISHING INDUSTRY INC.

RDF PNG

RD FLOATING DRYDOCK

RD FOOD PROCESSING & EXPORT CORP

RD HARDWARE & FISHING SUPPLY INC.

RD HATCHERIES

RD HIGH EXPONENTS PARTY SALES INC.

RD ICE PLANT

RD INTL EXIMP INC. RD JUPITER ASSN, INC.

RD KASIN BUILDERS INC.

RD MACHINERY & INDL. SUPPLY INC.

RD MOTOR SVC. CO

RD PAWNSHOP INC

RD PILIPINAS CONSTRUCTION. CORP.

RD PLAZA

RD POWER & MARINE INC.

RD PRAWN FARM

RD REALTY DEVELOPMENT. CORP.

RD SAAVEDRA TRADING CO.

RD SALES RESOURCE CO.

RD SHIPPERS INTL. CO.

RD SILVA TRUCKING SVC. CORP.

RD SILVA TRUCKING SVCS. CORP.

RD SOLUTIONS CORP.

RD SONS SHIPPING AGENCY INC.

RDTC

RD TITAN DEVELOPERS INC.

RD TUNA VENTURES, INC.

RD WELD MANUFACTURING COMPANY's

RT RD CONS. CO

SOUTH SEA FISHING VENTURES PHIL., INC

SOUTH SEA LODGE

TROPICANA RESORT HOTEL

RD Subsidiaries/Affiliates include Genpack, Celebes Canning Corporation, Penbank

Corporate Extract for RD Tuna Canners Ltd: 1/10/03

Incorporation Date: 21 September 1994

Business Address: Portion 1004, North Coast Road, Siar, Madang, Madang 511, Papua New Guinea.

Company Structure: 3,200,000 shares.

Directors:

28/10/94:

Rodrigo Estabillo RIVERA (JUNIOR) RD Tuna Ventures Compound, Calumpang, General Santos City, Philippines.

26/7/95:

Dolores Chua RIVERA

Ronnel Chua RIVERA

Rodrigo Estabillo RIVERA (SENIOR)

19/9/95:

Pedro Castillo CELSO

Ryan Chua RIVERA

18/3/98:

Ritche Chua RIVERA

22/5/99:

Debbie Ann RIVERA

Roy Chua RIVERA

Shareholders:

21/9/94:

Rodrigo Estabillo RIVERA (Jnr) 1 Share Issued.

Rodrigo Estabillo RIVERA (Snr) 1 Share Issued.

28/10/94:

Rodrigo Estabillo RIVERA (Jnr) 29 Shares Issued.

Rodrigo Estabillo RIVERA (Snr) 69 Shares Issued.

7/3/96:

Rodrigo Estabillo RIVERA (Jnr) 2,249,985 Shares Issued.

Rodrigo Estabillo RIVERA (Snr) 7,499950 Shares Issued,

Dolores Rivera 749,995 share issued,

Ronnel Rivera 2,249.985 shares issued,

Ryan Rivera 2,249,985 shares issued.

22/5/99:

Pedro Celso 160,000 shares issued,

Ritche Rivera 2,100,000 shares issued,

Roy Rivera 2,100,000 shares issued,

Ronnel Rivera 2,100,000 shares transferred.

Ryan Rivera 2,100,000 shares transferred,

Rodrigo Rivera Jnr 160,000 shares transferred,

Rodrigo Rivera Sr 2,100,000 shares transferred.

5/2/00:

Dolores Rivera 590,000 share redemption,

Ronnel Rivera 1,652,000 share redemption,

Roy Rivera 1,652,000 share redemption,

Ryan Rivera 1,652,000 share redemption,

Rodrigo Rivera Jnr 1,652,000 share redemption,

Rodrigo Rivera Snr 1,298,000 share redemption,

Ritche Rivera 1,652,000 share redemption.

RD Fishing vessels at Vidar Port.

Penbank Managed by RD Corporation

CEO: Rodrigo E. Rivera Sr

EVP/Treasurer: Dolores C. Rivera.

PENBANK or Peninsula Bank is but one in a string of businesses owned and managed by RD Corporation. From a diffident existence as Rural Bank of Tupi established in 1981, RD Corporation came in 1997 - changing the name to PENBANK and transferring the head office from Tupi to GenSan. From 1997, PENBANK emerged with flying colours. There are now 19 branches and counting. There are three in GenSan alone, with one situated within the fishport complex.

As of 31 October, the bank's total resources is Php331,720,274. Deposit Liabilities of Php 255,095,280 with a net worth of P hp54,269,915 and an authorised capital of Php100M

http://www.penbank.com/invest.html

http://penbank.tripod.com/index.htm

www.penbank.com

http://penbank.tripod.com/index.htm

http://members.tripod.com/penbank/penbank.html

www.filipino-directory.com/framesets/importexport6.html

PENBANK: Emerges as partner for growth PENBANK or Peninsula Bank is but one in a string of businesses owned and managed by RD Corporation.

RD Corporation according to a handout material states, "is a family owned conglomorate born out of the vision of our president and Chief Executive Officer Rodrigo E. Rivera, Sr., and his wife EVP/Treasurer Dolores C. Rivera - `to establish an enterprise, that will provide job opportunities for the Filipino people, minister to their spiritual needs, and improve the quality of their lives."

PENBANK is realizing that vision in such a phenomenal speed. From a diffident existence as Rural Bank of Tupi established in 1981, RD Corporation came in 1997 - changing the name to PENBANK and transferring the head office from Tupi to GenSan. From 1997, PENBANK emerges with flying colors. There are now 19 branches and counting. There are three in GenSan alone, with one situated within the fishport complex.

As or 31 October, the bank's total resources is Php331,720,274. Deposit Liabilities of Php 255,095,280 with a net worth of P hp54,269,915 and an authorized capital of Php100M. The bank employs a total of 134 personnel and "turn-over" is a strange vocabulary.

PENBANK, according to Mr. Romulo Cedeno, Systems & Operations Manager, is not a traditional rural bank, as it engages in inter­bank deposit and fund transfer among others. The bank engages also in microfinance lending, but it is not categorized as such. It is also one of the few computerized rural banks in the country today. The growth is much credited to the dynamic leadership and invaluable experience in commercial banking of Mr. Robert Cantoy as Board Member and President of PENBANK.

http://www1.rbap.org/article/articleview/927/1/159/

Celebes Canning Corporation

Rank 289: Gross Dollar Earnings: US$8,000,001 - 9,000,000

Products: Processed Marine Products

Markets: USA, Sweden, Finland, Denmark, UK & Great Britain, Northern Ireland, Netherlands, Ireland, Belgium, Germany, Switzerland, Italy, Japan, Australia.

Merci Peligrino Laguesma worked for the personnel department of Celebes Canning Corporation in 2000. She was quoted by Alfredo P Hernandez in The National Newpaper 1/10/03 p15 as being Assistant Vice President for Human Resources for RDTC.

www.afprs.com.ph/affiliates

Company: CELEBES CANNING CORPORATION Address: Bo. Cabu, Tambler 9500 General Santos City Tel no.: (63-83) 380-7258 Fax no.: (63-83) 380-7297 E-mail: admincel@gsc.weblinq.com Products: canned tuna and fish meal Contact: Engr. Rogelio R. Espina Company:

RD TUNA VENTURES, INC. (Formerly SOUTH SEA FISHING VENTURES) Address: Puting-Bato, Calumpang 9500 Gen. Santos City Tel no.: (63-83) 552-2541; (63-83) 552-7630 Fax no.: (63-83) 552-7631 E-mail: rdex@gsc.weblinq.com Products: frozen shrimp, frozen yellow fin, frozen silver mackerel and frozen skipjack(whole) other marine products Contact: Mr. Rodrigo M. Go / Mr. Virgilio L. Tablo from the Phil Export - the Official website of the Philippine exporters federation

First Dominion Prime Holdings Inc.

Registered with the SEC Nov 15, 1994 to serve as the holding company for controlling interests of Inglenook Food Corporation, Nautica Canning Corporation, Celebes Canning Corporation, Maranaw Canning Corporation, Sultana Pacifica Canning. AFPRSBS has an interest in 0.93% in the company. (AFPRSBS=Armed Forces of the Philippines Retirement and Seperation Benefits System).

First Dominion Prime Holdings Inc. http://gensan.freewebspace.com/fishtory2.html

As reported by the Centre for Food and Agri Business of the University of Asia and the Pacific, 2000 Yearbook, the country's main fish landings are located in Western and Southern Mindanao, National Capital Region and Southern Tagalong. Primordial tuna canning firms in the Philippines include Celebes Canning Corporation, Clean Water Tuna Corp (formerly Inglenook Food Corp), Maranaw Canning Corp, Nautica Canning Corp (all under First Dominion Prime Holdings), Century Canning Corporation, Ocean Canning Corp, Permex producers and Exporters Corp, RFM Tuna Corporation, Sancanco Canning Corp and SEA trade Development Corporation.

www.philexport.ph/exportnews/dec99/people.html

P800m tuna export venture signed.

The National Development Corporation (NDC) and the First Dominion Prime Holdings Inc, (FDPHI) signed a Memorandum of Understanding covering an P800m tuna export venture that is expected to boost ten times Dominion's annual export earnings in four years.

A member of PHILEXPORT, FDPHI is one of the leading producers of canned tuna in water or in brine.

The company's production now acounts for 42% of the country's total capacity of 1,345 metric tons per day . . . From $32 million this year, FDPHI's tuna export is projected to jack up to $300m in 2003 and onwards.. .


Philbest

Philbest Agri Products Corp. Philbest Man & Allied Svcs Ltd.Co. Philbest Real Estate Dev. Corp. Philbest Sales Mrktg. Corp Genpack Corporation

www.mb.com.ph/BSNS/2003-07/B503071336041o.txt

One of the 27 business units under the RD Corporation, Philbest Canning Corporation presently has the capacity to process an average of 120 metric tons of Tuna raw materials to produce high quality canned tuna products for its customes worldwide.

It's product line of canned Tuna named Diana comes in different varieties such as Tuna Caldereta, Tuna Adobo, Tuna Afritada, Tuna Hot & Spicy and Tuna Mechado.

BOI okays P41.3-M investments

MANILA - The government approved some P41.3 million worth of investments which are expected to boost the export sector. The Board of Investments . . . said it also approved the registration of the Phil. Best Canning Corp. (PBCC) as a new producer on a non-pioneer status. The firm would undertake a P15.6 million canning project to be located in General Santos City. PBCC’s project reactivates the fish canning plant of Swift Tuna Corporation, formerly RFM Corp, which ceased operation last year due to a declining export market. By producing higher-value fish products, PBCC will continue to give the much-needed livelihood to the fishermen providing employment to some 1,500 residents of General Santos City. A bigger portion of its export will be allocated to the former buyers abroad of Swift Tuna Corporation. Other part will go to its major stockholder, RD Corporation, which has a tuna cannery in Papua New Guinea, and which is also serving the export market. The project is expected to earn for the country some $25 million annually in the form of export revenues and about P100 million in taxes from the operational income, salaries and wages. (PNA) http://www.mindanaotimes.com.ph/news2001/feb17/boi.html Mindano Times

Philbest Canning Corporation

One of the 27 business units under the RD Corporation, Philbest Canning Corporation presently has the capacity to process an average of 120 metric tons of Tuna raw materials to produce high quality canned tuna products for its customes worldwide. It's product line of canned Tuna named Diana comes in different varieties such as Tuna Caldereta, Tuna Adobo, Tuna Afritada, Tuna Hot & Spicy and Tuna Mechado.

http://www.globespanexports.com/other_products.html


Genpack

DBP lends to tin can project. 14/6/03

Genpack Corporation has secured a P270million loan from the state-owned Development Bank of the Philippines (DBP) for the construction of a tin can factory in General Santos City.

The loan would provide strategic support to the company's business by way of introducing a modern and efficient manufacturing equipment.

Genpack is engaged in the manufacturing of tin can to serve the requirements of its affiliates that maufacture and sell tuna sardines.

Some of its affiliates selling canned tuna sardines are Celebes Canning Corp., PhilBest Canning Corp. and RD Tuna Canners, Ltd. Celebes and Philbest are based in General Santos City, while RD Tuna Canners is located in Papua New Guinea.

RD Group is owned by Rodrigo E. Rivera Sr. who holds substantial shares in each of these affiliates.

The company would acquire the latest model of metal-forming equipment and accessories from Taiwan.

Genpack said the R50million line facility would provide the company the flexibility to build and manage its working capital equipment particularly inventory. When completed and fully-operatoinal, the project can produce about 15,000 tons equivalent to about 300 million cases a year, generating more than 200 additional jobs directly or indirectly.

Sun Star - General Santos Phillipines June 14, 2003 http://www.sunstar.com.ph/static/gen/2003/06/14/news/tin.can.plant.soon.to.operate.in.city.html

Genpack Corporation, an affiliate company of the RD Corporation, will soon operate a tin can manufacturing company in General Santos City.

To mark the official launching of the project, a cornerstone-laying ceremony was held last June 7, 2003 at its plant site in Barangay Tambler.

Development Bank of the Philippines (DBP) Chairman Vitaliano Nanagas led the laying of the cornerstone.

GenPack and RD Corporation officers and executives joined him.

RD Pilipinas Construction project manager Lucendo Manalo briefed everybody on the construction's timetable while plant manager Rodegilio Nicolasora presented some projections of the plant's capacity to meet its affiliate companies' required tin can volume.

The plant is expected to start operating by the end of the 3rd Quarter of this year.

Based on the tin can requirements of all its affiliate companies, GenPack will be producing around 11 million of assorted sizes of cans and 22 million assorted sizes of ends per month, or, approximately 33MT of tin plates per production day.

GenPack's affiliate companies who will direcly benefit from its production are Philbest Canning Corporation, Celebes Canning Corporation, and RD Tuna Canners in Papua New Guinea.

The company also envisions serving other external clients in the future - both local and foreign. "Its a dream come true", says Peter Yap, a business partner of GenPack, in his speech during the cornerstone-laying ceremony.

GenPack President Lucio Ong welcomed all the guests, friends and officers of both GenPack and RD Corporation.

Peninsula Investments: 100 S.Main St, Ishpeming, MI

GenPack Corporation, an affiliate company of the RD Corporation, will soon operate a tin can manufacturing company in General Santos City, in the Philippines.

Genpack Corporation has secured a P270million loan from the state-owned Development Bank of the Philippines (DBP) for the construction of a tin can factory in General Santos City. The loan would provide strategic support to the company's business by way of introducing a modern and efficient manufacturing equipment.

Genpack is engaged in the manufacturing of tin can to serve the requirements of its affiliates that manufacture and sell tuna sardines. Some of its affiliates selling canned tuna sardines are Celebes Canning Corp., PhilBest Canning Corp. and RD Tuna Canners, Ltd.

Celebes and PhilBest are based in General Santos City, while RD Tuna Canners is located in Papua New Guinea. RD Group is owned by Rodrigo E. Rivera Sr. who holds substantial shares in each of these affiliates. The company would acquire the latest model of metal-forming equipment and accessories from Taiwan.

Genpack said the R50million line facility would provide the company the flexibility to build and manage its working capital equipment particularly inventory. When completed and fully-operational, the project can produce about 15,000 tons equivalent to about 300 million cases a year, generating more than 200 additional jobs directly or indirectly.

"Other big investments projects in the regions approved this year are Genpack Corporation's P1.04 billion tin can manufacturing project in General Santos City also in Southern Mindanao and a P1.3 billion plastic packing factory of Modern Packaging Films Inc. of the Chemphil Group in Bataan, a press release from the Department of Trade and Industry said The Visayan". 26 March 2003

www.visayandailystar.com/2003/March/26/businessnews1.htm


Yamaoka Nippon Corporation

Five fish canning/processing plants operate in GenSan. A recent industry is fish fillet processing by YamaokaNippon Corporation . . . a Japanese-Filipino venture. In 1991, combined export product totalled 9065 MT of Canned Tuna.

(http://www.ppa.com.ph/Port%20Profile/Somin/gensan/gensan.htm)

(Pescarich Manufacturing Corporation (Formerly Yamaoka Nippon Corporation).

Lastly, a Japanese investor called Yamaoka Group in partnership with RD will also put up a processing Plant in the proposed Marine Economic Zone in Vidar. The project can process 40 - 50 MT of Yellow Fin into a steak which will be marketed to Japan, US, Australia and Europe. The $US2 Million project will need an additional 200 workers... Post Courier, February 14 2003.

Top profits for RD Tuna

http://www.atuned.biz/public/ViewArticle.asp?ID=620

Tuna Sector Dominates Top Performance List General Santos The Philippines, April 30, 03

Ten top performing companies in General Santos City, Philippines were recently cited by the provincial office of the Department of Trade and Industry (DTI). The citation was based on a survey conducted recently by DTI.

Topping the list is RD Group of Companies, which is engaged in manufacturing, services, banking and real estate, and owns extensive interests in the tuna fishing, storage and canning sector.

Also named as top performing business firms are Cargill Philippines Inc. (feed processing), Celebes Canning Corporation (cannery), San Andres Fishing Industries Inc. (tuna fishing), and PhilBest Canning Corporation (cannery).

Rounding up the top ten companies are Ocean Canning Corporation (cannery), Monsanto Philippines, Maranaw Canning Corporation (cannery), Sarangani Packaging Products Corp (label and carton supplier to the tuna canning industry), DEALCO and General Tuna Corporation (cannery).

DTI said it based its findings in the ongoing operations of business establishments in the city and how they relate to their clients and customers. DTI further added that the performances of these companies, along with other business establishments in the city were among the bases of the Asian Institute of Management to declare General Santos as the most competitive city in the country for 2002.

Tuna Earnings set to double by Ennio Kuble

October 31, 2000 The National?

Madang-based RD Tuna Canners, producer of Diana Tuna tinned fish, could double its foreign exchange earnings to $US2 million next year if it fully utilised its production capacity, managing director Peter Celso said.

Mr Celso said the processing plant had the capacity to produce more than its current production of 18 metric tonnes of fish per day. The plant had space for another 500 workers to add to the 2000 already working, he said.

Diana Tuna, the local brand, had a shelf-life of four years and all production processes and handling followed international food safety rules, Mr Celso said.

He said RD Tuna had also compiled with European Union guidelines on environmental practice since the plant went into full operation in July 1997. The company had already begun exporting some brands of canned tuna to American and European markets.

Plant manager Alex Bernardino said the company also had a localisation program where it aimed to replace the 40 supervisors with locals over the years. He said training packages had been put in place following an agreement with the PNG Government before the company was granted its operating licence.

Out in the ocean off PNG, a fleet of 49 fishing vessels operat around the clock to catch 120 metric tonnes of tuna per day for the processing plant. The tuna, which are caught in the 200 nautical mile exclusive zone, are frozen offshore and transported to land by carrier vessels.

The company's vice president and controller Jun Autentico said the fishing method was an environmentally friendly traditional Philippines style called "peyeo". He said it used nets with bigger netting eyes that let smaller fish pass through. He said the nets were set in waters where tuna migrate through. The nets are shaded with "lumo" leaves and the growth of moss attracts tuna as they swim from north to south when the waters in the north are warmer. The bigger fish are netted and transported ashore while the smaller ones slip past the net eyes, Mr Autentico said.

RD Tuna export hits US$23.42m

by Alfredo Hernandez

September 22, 2003 The National - p20.

RD Tuna Canners, the country's pioneer in tuna canning, generated export sales of US$23.42 million last year, nine times more than exports in 1997, its first year of operation.

During the company's initial year of production, export revenue was only US$2.8 million when the volume of canned tuna only filled 61 containers.

RDTC, a subsidiary of Philippine based RD Group, is comprised of 18 corporations with interests ranging from tuna fish canning and fishing, prawn farms, to banking and pawnshop operations.

Figures made available by the company showed that it shipped a total of 1,132 full container loads (FCL) last year to domestic and international markets. Of this, 716 FCL accounted for export shipments, representing 24 per cent of the 2,962 containers shipped out during the year by PNG's entire manufacturing sector.

On a monthly basis, RDTC shipped out an average of 62 containers to various countries. With duty free entry for Papua New Guinea-produced canned tuna in the European market, RDTC wants to accelerate an incraese in its production capaciy. The cannery also hopes to meet a 2,000 metric tonne quota it won in the European market, which it needs to fulfil by the end of 2005 when the quota agreement would lapse.

To meet increasing demand for its 13 canned tuna products, which include the popular brand Diana Tuna, RDTC is right now thrashing out with the landowners in Kananam village some land issues that need to be resolved to pave the way for the construction of a second cannery.

The proposed cannery would cost at least US$70 million and would employ about 5,000 workers. The existing cannery located in a 6.5-hectare property at Siar village, operates with 3,500 workers and processes a daily average of 120 metric tons of fish.

A company report said that in the five years RDTC operated between 1997 and 2001, it had produced 1,923 FCLs for export markets worth US$71.4 m.

Meanwhile, in the domestic market, RDTCs low-priced home brand Diana has cornered an estimated 65 per cent of the total PNG demand for canned fish.

The Diana brand also boasts an export market in the neighbouring South Pacific islands.

The report has stressed that, “due to the lively business of the company, it was able to contribute a big chunk to the Government's dollar reserves, thus contributing to the Government's dollar reserves, thus contributing a good share in the stabilisation of the Kina”.

Since 2000 to the first half of 2003, RDTC contributed US$71.4 million to the Government's dollar reserves, the report said.

RD PNG Group export to US, Europe, Solomon Islands, Fiji and Vanuatu. Export sales of $23,420,000 in 2002.

(Perhaps this breakdown equals: 0.40c per can.$19.39 per case. $32,709 per shipping container). 716 FCL (Full Container Loads) exported in 2002. 63.25% of total. (57,978,816 cans exported). 416 FCL for domestic Papua New Guinea market. 36.75% of total. (33,686,016 can sold domestically). 91,664,832 cans produced annually. 251,136 cans per day. 10,464 cans per hour. 174.4 cans per minute. 2.91 cans per second. PNG exported 2962 containers in total in 2002.

Other RD Information

Dismantled website: www.rdcorp.com.ph/

http://iregister.sec.gov.ph/searchRegisteredNames.jsp?i=1

RD Tuna Ventures Inc (South Sea Fishing Ventures)

http://www.da.gov.ph/agribiz/prawn_seaweeds_otherseafoods.html

south sea fishing ventures phils, inc 859(rank) 595,430 (revenue)

rd tuna ventures inc 987 (rank) 505,211 (revenue)

http://203.167.80.132/fs/2001/p/

Tuesday, February 04, 2003 RD Group to build P300-M can plant By Edwin G. Espejo

THE RD Group of Companies has signified its intention to set up a world-class can plant in Barangay Fatima, according to a city hall source. The can plant will be built at the cost of P300 million and will employ at least 500 workers based on the information the company has submitted to the city government.

In a letter addressed to Mayor Pedro Acharon Jr. late last year, RD Group of Companies president Rodrigo Rivera said they have tied up with US investors to set up a can plant that could serve the tin can needs of the seven cannery plants now operating in the city.

"(It will) make our canned tuna exports more competitive in the world market particularly the US and the European markets," Rivera said in his letter.

The Genpack Corporation joint venture has reportedly identified a 2.4-hectare property along the PhilAm Highway in Barangay Fatima as site of its plant. City Administrator Rodrigo Salangsang yesterday told Sun.Star that a committee formed by the city mayor already approved the proposed investment in principle.

It was not immediately known when construction of the multi-million-peso plant would begin. Sources however said, construction and installation of equipment and machinery would take four months.

The proposed can plant will reportedly used the latest tin can technology, capable of producing lids for "easy open end" and "spoon open end" which will make the use of can openers obsolete.

Salangsang said Rivera also asked the city government to allow the group to set up its plant in the area, which has been classified, as commercial and residential. Rivera could not be reached yesterday afternoon as he is reportedly out of the country. Sun Star General Santos

From:www.sunstar.com.ph/static/gen/2003/02/04/bus/rd.group.to.build.p3..

DTI names top 10 local companies

By Melanie Hibanada, Chrisette Jorolan, Roland Lee, and Peejay Bulaong Wednesday, April 30, 2003

TEN top performing companies in General Santos City were recently cited by the provincial office of the Department of Trade and Industry (DTI).

The citation was based on a survey conducted recently by DTI. Topping the list is RD Group of Companies which is engaged in manufacturing, services, banking and real estate.

Also named as top performing business firms are Cargill Philippines Inc., Celebes Canning Corporation, San Andres Fishing Industries, Inc. and PhilBest Canning Corporation.

Rounding up the top ten companies are Ocean Canning Corporation, Monsanto Philippines, Maranaw Canning Corporation, Sarangani Packaghing Products Corp, DEALCO and Genera Tuna Corporation.

DTI said it based its findings in the ongoing operations of business establishments in the city and how they relate to their clients and customers.

DTI further added that the performances of these companies, along with other business establishments in the city were among the bases of the Asian Institute of Management to declare General Santos as the most competitive city in the country for 2002. Sun star general santos

A Filipino tuna canner, RD Tuna, has agreed to offer a 34 percent stake in its Madang company to Papua New Guinean investors, either as groups of provincial governments or through a public float by June 31 next year.

The Papua New Guinea government has agreed to persuade the European Union to increase its quota for canned tuna and loin exports admitted free of a 24 percent duty.

It also agreed to guarantee RD Tuna its fishing licences for the next 15 years. http://www.pacificislands.cc/pm52002/pmdefault.php?urlarticleid=0016

Mindanao firm goes online

The Manila Times June 26, 2003

www.manilatimes.net

RD Corp., one of the largest conglomerates in southern Mindanao, is now on the Worldwide Web.

www.rdcorp.com.ph contains the latest information about RD Corp. And its subsidiaries, product lines and even short video clips.

The page aims to increase awareness of RD Corp, and Mindanao, particulary Socsksargen (South Cotabato, Sultaran Kudarat, Sarangani and General Santos City), th growth corridor in the BIMP-EAGA (Brunei, Indonesia, Malaysia, Philippines East Asia Growth Area).

The web site will allow RD Corp. to provide up-to-date news to its subsidiaries and the public.

Among RD Corp.'s business interests are in fishing, real estate and the hospitality industry, canning, agribusiness, food processing and banking.

Its subsidiares include Peninsula Bank Inc., RD Pawnshop, RD Tuna Canners PNG Ltd, RD Fishing Industry, RD Tuna Ventures Inc., RD Floating Dry Dock, RD Credit Corp., RD Realty Tropicana Express, RD Tuna Canners Ltd, PhilBest Canning Corporation, RD Prawn Farm and RD Ranch.

Aside from the main webpage, each subsidiary will have its own page.

There will also be other linkages and other pertinent information will also be provided such as the day's currency rates and RD Corp.'s corporate directory.

One of the site's objectives is to attract investors to Sockksargen, particularly General Santos City.

One of the country's fastest growing cities, General Santos is a major fish-landing center for tuna.

The city is also home to commercial deep-sea fishing companies and seven multi-million dollar fish canneries.

http://www.fda.gov/ora/oasis/3/ora_oasis_c_ph.html

 

Manila, December 10, 2000: Firm expands in Cebu City.

Rodrigo Rivera, Sr and wife Dolores led the inauguration the other week of a modern business corporate centre in Banilad, Cebu City.

www.newsflash.org/2000/12/be/be001413.htm

Rice RD Tuna Ventures Moves Into Rice Farming Papua New Guinea, April 10, 03 http://www.atuned.biz/public/ViewArticle.asp?ID=571

In Madang, Papua New Guinea, RD Tuna Company is also venturing into rice farming at the 860-hectare Vidar Plantation.

The company has started clearing the bush over an initial six hectares out of 100 hectares that is to be planted with rice under its '48 Rice Plantation Project'.

"The work started two weeks ago by cutting coconut tress, clearing bush, and preparing the area for irrigation. We are preparing the ground and the dykes and this work should finish in five weeks time," a spokesman for RD Tuna said, adding that Madang province was blessed with land highly suited to rice projects.

He said the plantation was well located near rivers that made it easier to provide good irrigation. If successful, rice farming can prove to be quite a lucrative business activity. Until now most of the rice consumed in Papua New Guinea is imported from overseas.

This import activity is limited to a few companies, which hold special import licenses. Consumer prices in PNG for rice are much higher than other countries in the region, such as Indonesia and Philippines. Only recently the PNG government started issuing permits to start rice projects.

RD Tuna Ventures, which is part of the Philippine RD Group of companies, wants to pioneer this project in Madang as a catalyst for the "untouched opportunities" for communities living in the area. "God willing, the produce will be supplied to our own people and eventually, as the project increases its production, we will consider supplying Madang commercially," RD Tuna said.

At a later stage the company will consider selling rice to other provinces and eventually look at exports that could assist the country reduce its annual rice import bill, which is estimated at K260-K300 million according to the latest official brief from the Department of Agriculture and Livestock.

Eddie Tejano, a rice specialist at the Pacific Adventist University, is providing expert advise on the rice project. He said the plan was for irrigated rice production covering 100 hectares, although initially six hectares was being prepared for planting in April and May. "We are expected to harvest 111 days from planting because we will be using early maturing variety IR64 coming from International Rice Research Institute (IRRI) in Philippines."

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