Overview
San
Miguel Corporation (SMC) Originally founded in 1890 as a single brewery in
the Philippines. SMC has transformed itself into a diversified conglomerate
with market-leading businesses in the fuel and oil, energy, infrastructure,
and investment in banking. SMC, through its subsidiaries and affiliates, has
become a Philippine market leader in its
businesses
with 22,396 regular employees and more than 100 production facilities in the
Asia-
Pacific
region as of 2016. SMC has strategic partnerships with international
companies among them are Kirin Holdings Company, Limited (Kirin) for beer,
Hormel Foods International Corporation (Hormel) for processed meats, Nihon
Yamamura Glass Company, Ltd. (NYG) for packaging products and Korea Water
Resources Corporation (K-Water) for the Angat Hydroelectric Power Plant.
Business
Revenue
contribution in 2016 (in million pesos)
Beverage
|
Food
|
Packaging
|
Energy
|
Fuel and Oil
|
Infrastructure
|
Others
|
115,732
|
111,586
|
27,386
|
77,972
|
343,840
|
19,866
|
23,261
|
16.08%
|
15.51%
|
3.81%
|
10.83%
|
47.78%
|
2.76%
|
3.23%
|
Beverage
business
San
Miguel Brewery Inc. (SMB) is primarily engaged in the manufacture and sale of
fermented and malt-based beverages, including beer, nonalcoholic beverages
such as ready-to-drink tea and bottled water. SMB has six production facilities.
The SMB Group also operates one brewery each in Hong Kong, Indonesia, Thailand
and Vietnam, and two breweries in China.SMC also produces hard liquor through
its majority-owned subsidiary, Ginebra San Miguel, Inc. (GSMI). It operates
one distillery, five liquor bottling plants and one cassava starch milk
plant, two toll bottlers in the Philippines and one bottling and distillery
plant in Thailand.
Food business
The
food business is conducted through San Miguel Pure Foods Company, Inc.
(SMPFC). It diversified into poultry and livestock operations, feeds and
flour milling, dairy and coffee operations, franchising and young animal
ration manufacturing and distribution. Some of the brand names includes
Magnolia(Chicken), Monterey(Meat) and B-Meg(Animal Feeds).
Packaging
The
packaging business is comprised of San Miguel Yamamura Packaging Corporation
(“SMYPC”), San Miguel Yamamura Packaging International Limited (“SMYPIL”),
San Miguel Yamamura Asia Corporation (“SMYAC”), SMC Yamamura Fuso Molds Inc.
(“SYMFC”), Can Asia, Inc. (“CAI”) and Mindanao Corrugated Fibreboard, Inc.
(“Mincorr”), collectively referred to as the Packaging Group. This Group
produces glass, metal, plastics, PET, paper and flexible packaging products.
It has 13 international packaging facilities in China, Vietnam, Malysia,
Australia and New Zealand.
Real
Estate
San
Miguel Properties Inc. (SMPI) is presently engaged in commercial property
development, sale and lease of real properties, management of strategic real
estate ventures and corporate real estate services.
Fuel and Oil
SMC, through a subsidiary SEA Refinery Corp., operates
its fuel and oil business through Petron.
Energy
It
is conducted through SMC Global Power Holdings Corp.which administers three
power plants, located in Sual, Pangasinan (coal), Ilijan, Batangas (natural
gas) and San Roque, Pangasinan (hydroelectric), with a combined capacity of
2,545 MW. In 2014, SMC Global, and K-Water joint venture was awarded the 218
MW Angat Hydroelectric Power Plant. This brought total installed capacity of
SMC Global to 2,903 MW.
As
of 2016, SMC Global holds a 21.2% market share of the total installed power
generation capacity for the Luzon power grid, 6.9% of the Mindanao grid and a
16.6% of the national grid.
Infrastructure
It
operates, through San Miguel Holdings Corp. (“SMHC”), Tarlac-Pangasinan-La
Union Toll Expressway (“TPLEX”), South Luzon Expressway (“SLEX”), Skyway
Stage 1 and 2, the Southern Tagalog Arterial Road (“STAR”) and the NAIA
Expressway (“NAIAx”) tollways. It also operates the Boracay Airport. In
addition, it has the concession right to construct, operate and maintain the
Mass Rail Transit Line 7 (“MRT-7”) and has recently invested in Manila North
Harbour Port Inc. It has also won the bid for the Bulacan Bulk Water Supply
Project.
Banking
SMC through SMPI acquired 39.9% of Bank of
Commerce(BOC)
As of 2016, foreign operations contributed about 23.29%
of total sales of the Group.
Subsidiaries /
Associates / Affiliates / Joint Ventures
San Miguel Foods, Inc. (SMFI) is a 99.99%-owned
subsidiary of SMPFC, is engaged in Feeds, poultry and fresh meats,
Franchising business.
San Miguel Mills, Inc. (SMMI) is a 100%-owned
subsidiary of SMPFC
There
are a lot more subsidiaries for various businesses.
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