San Miguel Corp invests P75B in food and beer lines

San Miguel Corp will invest up to P75 billion in its food and beer businesses, including new processing plants for Purefoods meat products, new bottling lines for beer, and a new brewery in Mindanao.

“The expansion of the food business will cost San Miguel an estimated P60 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.”business.inquirer.net

• 2 sources
• business.inquirer.netSMC invests P75B in its food lines - Inquirer BusinessDaxim L. LucasJan 3, 2017
• just-food.comSan Miguel Corp. plans food business investmentJan 5, 2017

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