San Miguel to put up plants in three Asian countries

Business, 5/29/2008 5:55 PM May 29, 2008
San Miguel to put up plants in three Asian countries

San Miguel Corp., Southeast Asia's largest food and beverage firm,
plans to construct liquor and beer production plants in three Asian
countries to take advantage of their rising tourist arrivals.

These targeted countries are Laos, Cambodia and Myanmar, according to
company vice chairman and president Ramon Ang.

"We are now in talks with several groups for partnerships. Our plan is
to produce both beer and liquor. Maybe in the next few months, we can
make an announcement," he said.

Ang did not disclose financial details of the business plan but said
that San Miguel will not be pouring substantial investments into the
expansion.

"We are not building a market from zero because we are already
exporting our products in these countries. It will not be hard for
us."

During the first quarter of the year, San Miguel's international beer
operations posted a 9-percent increase in sales volume, particularly
in Indonesia, Thailand and Vietnam. The combined improving performance
of North China and Hong Kong translated to net sales of $63.1 million,
up 40 percent year-on-year.
.

Relevant Pages

  • Re: OT Is Bush pro-torture??
    ... >> to agreements with the American government. ... >Progress is made when you include rather than isolate countries like this. ... >> the grandiose plans for greenhouse gas abatement and hope The Plan ... Because the rich developed countries would have to cut ...
    (rec.gambling.poker)
  • Re: OT Is Bush pro-torture??
    ... > to agreements with the American government. ... Progress is made when you include rather than isolate countries like this. ... > the grandiose plans for greenhouse gas abatement and hope The Plan ... > As far as I can tell, a "neocon" is one who was formerly a liberal, ...
    (rec.gambling.poker)
  • Re: OT: best presidential speeches
    ... But you, and the other countries I mentioned, are largely ... and most other countries with second- or third-tier military capability ... The major powers would clobber you if you tried. ... And lots of other things - your beer is undrinkable swill, ...
    (rec.crafts.metalworking)
  • Re: GM Failure
    ... by the countries with growth rates in the 8 to 12 percent range. ... Tribune Considering Filing for Bankruptcy Protection, ... An ESOP was the trojan horse used ... Pension Plan which was merged into the Times Mirror ...
    (rec.crafts.metalworking)
  • Re: Wall Street Journal on IT career craze
    ... The same company successfully sued another non-Chinese company for patent infringement and this is going to be nice because it will show the Chinese government that patents are good not just for the USA. ... And, if Intel has about a dozen R&D centers in Russia and several SEA countries, I don't think its doing this as a welfare project to bring them out of poverty. ... Around my neighborhood we have tons of Mexicans working in chicken processing plants and we have tons of Russians, Ukrainians, Bulgarians, other East European kids working as waitstaff in all of the restaurants in our resort beach pads. ...
    (sci.research.careers)