Pampanga Sugar Development Company
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The Pampanga Sugar Development Company built the first Filipino-financed sugar central in Pampanga, Philippines. It was established in 1921 by several local families in Pampanga.[1] It is the oldest running mill in the province.[2]
The Pasudeco Sugar Central was finished in March, 1921, to serve as a central purchasing and processing company for the surrounding sugar plantations. Financed by the Pampanga Sugar Development Company, it was constructed by the Honolulu Iron Works. Its existence became a catalyst for the exponential growth of San Fernando, the capital of the rich sugar-producing province of Pampanga.
On July 12, 1939, two of the founders, Jose de Leon and Augusto Gonzalez, as well as Constabulary Captain Julian Olivas, were gunned down[3] at the administrative offices of Pasudeco. At that time, de Leon and Gonzalez were the two richest men in Pampanga and the biggest Pasudeco shareholders.
References
- ^ Orejas, Tonette (15 October 2001). "Diversificarion is the key to conglomerate's success". Philippine Daily Inquirer. Retrieved 20 February 2024.
- ^ Orejas, Tonette (10 October 2001). "Withdrawal of Pasudeco sugar stocks questioned". Philippine Daily Inquirer. Retrieved 20 February 2024.
- ^ "Crop Argument deadly to Three". Spokane Daily Chronicle. 12 July 1939. Retrieved 20 February 2024.
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