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CHINA: San Miguel to up brewery spend – report

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San Miguel is to increase its investment in a brewery in China, according to local reports. Citing the Philippines-based company's chairman, Eduardo Cojungco, China Business Daily News said yesterday (19 December) that San Miguel will pump a further US$20m into its brewery in Shunde.

The investment will make the facility San Miguel's most important production base in China, the paper noted, by raising its production capacity from the current 100,000 tons to 200,000 tons. Construction was started on the brewery, located in the country's Guangdong province, in August last year.

The company has already spent around US$110m on the brewery. San Miguel will also look to invest further in logistics and commercial trade, China Business said, to support the entrance of the group's other products into the Chinese market.

Last month, the group posted a 32% rise in nine-month sales while operating income was up by 9% year-on-year. San Miguel saw its recently-acquired Australian units National Foods and Berri Ltd perform well in the period.


Sectors: Beer & cider

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