San Miguel Pure Foods Company, Inc. Invests PHP 75 Billion in Food Lines
January 03, 2017 at 11:03 am
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San Miguel Pure Foods Company, Inc. announced that it will pour in as much as PHP 75 billion into its traditional food business lines--which had taken the backseat in the conglomerate's rapid expansion during the last decade--due mainly to resurgent demand from increasingly affluent consumers. The new investments would include new processing plants for its Purefoods meat products and new bottling lines for its beer business. The expansion of the food business will cost San Miguel an estimated PHP 60 billion in capital expenditures until 2018, the bulk of which will be spent on new production facilities for its hotdog, corned beef and luncheon meat products. The company will be putting up meat processing plants in Cavite, Cagayan de Oro and Cebu, which will be able to produce hotdogs, chicken nuggets and other processed meat products. The company is expanding the capacity of its flour mills by an additional 1,200 tons per day.
San Miguel Food and Beverage, Inc. is a food and beverage company. Its segments include Food, Beer and Non-alcoholic Beverages (NAB), and Spirits. The Food segment is engaged in processing and marketing of value-added refrigerated processed meats and canned meat products, manufacturing and marketing of butter, margarine, cheese, milk, ice cream, salad aids, and condiments, marketing of flour mixes and the importation and marketing of coffee and coffee related products; production and sale of feeds; poultry and livestock farming, processing and selling of poultry and fresh meats, and milling, production and marketing of flour and bakery ingredients, grain terminal handling, franchising and international operations. The Beer and NAB segment includes the production, marketing and selling of fermented, malt-based and non-alcoholic beverages. The Spirits segment is engaged in the production of hard liquor in the form of gin, Chinese wine, brandy, rum, vodka and other hard liquor variants.
SAN MIGUEL FOOD AND BEVERAGE, INC. 
