San Miguel Brewery to invest $100M in 4 more bottling plants

MANILA, Philippines—Local beer giant San Miguel Brewery is opening up four new bottling plants in Laguna, Isabela, Bicol and Cayagan de Oro worth about $100 million this year, thereby expanding its bottling capacity by 30 percent.

It also plans to set up brewery plants in Laos and Cambodia, SMB chairman Ramon S. Ang told reporters at the sidelines of the beer brewery’s annual stockholders’ meeting.

SMB is also in talks with Kirin to dilute their combined stake in order to comply with the 10 percent minimum public float required by the PSE. A public offering shall be conducted to expand public float by November this year, Ang said.