Saturday 24 February
Powered by Ajaxy
May 31, 2017 @ 20:59

San Mig Brewery sets $500M capital spending

 

San Miguel Brewery Inc. has earmarked $500 million over the next two and a half years to build new plants in Los Angeles California and in the Philippines as well as expand existing facilities.

About $150 million of rhe programmed capital budget will go to the construction of a brewery in California.

The joint venture between Japan’s Kirin and food and beverage giant San Miguel Corp. also plans to build two breweries in Cagayan de Oro and Iloilo City with a capacity of two million hectoliters each. Other funds will be used to expand existing facilities.

SMB has plants in Bacold, Davao, Cebu, Valenzuela, Pampanga, Laguna, Bicol and Isabela.

Overseas, the company has facilities in Thailand, Indonesia, China, Hong Kong and Vietnam.

Tags: , , , , , , , , , , , , , , , , , ,

Related Stories
The Philippines remained among the countries with lowest long-term evolution (LTE) availability and speed, according
This bank is consciously beefing up its defenses against operational risks.
The US subsidiary of South Korea's LG Electronics warned retailers on Wednesday that it will
The energy arm of conglomerate Ayala Corp., has partnered with the BIM Group to jointly


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.