Comment - Kirin makes mark at San Miguel Brewery
Kirin Holdings is making its presence felt at San Miguel Brewery, as the Philippines-based brewer announces expansion plans.
San Miguel Brewery today (18 November) confirmed to the Philippines stock exchange that it plans to spend more than PHP1bn (US$21m) on a new bottling plant to expand capacity.
The move comes six months after Japanese brewer Kirin Holdings acquired a near-49% stake in San Miguel Brewery.
Although the group is still ultimately controlled by San Miguel Corporation, there have been rumours that Kirin could also buy up international brewing assets held by San Miguel Corp and the Japanese group has repeatedly stated its ambition to expand beer operations in the Asia Pacific region.
Today's announcement from San Miguel Brewery is a sign that Kirin is making its presence felt at the group.
The wave of major consolidation activity in the beer market over 2008 was followed by weakening volume growth in 2009 as the economic downturn put a dampener on bullish tactics. With the global beer l...
San Miguel Corp has confirmed that it is seeking to sell a stake in its spirits arm, Ginebra San Miguel, in order to raise funds for acquisitions in other industries....
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