PHILLIPINES: San Miguel to build new facility
San Miguel has revealed plans to build a new liquor distillery. The new facility, to be built in Misamis Oriental province in the southern Philippines, is part of the company's PHP15 bln (US$266.7m) expansion plan due to be completed in 2006.
The Philippine conglomerate did not reveal how much the distillery will cost and when construction is due to start.
In a statement, San Miguel said that the distillery will be constructed on a 100-hectare property that it will lease from Phividec Industrial Estate.
The facility will produce up to 75,000 litres of hard liquor per day, with its output supporting the export operations of the company's hard liquor subsidiary, Ginebra San Miguel.
The company also plans to expand its existing liquor distillery in Negros Occidental Province on the central Visavas island.
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