San Miguel to build beer brewery in US
Beer giant San Miguel Brewery plans to set up a beer brewery in Los Angeles, California to cater to growing demand for its beer products in North America.
SMB is also investing $500 million in the next 2.5 years to expand its domestic beer business. The company is set to build one new brewery in Iloilo and another in Cagayan de Oro, each with an annual production capacity of two million hectoliters, SMB chair and San Miguel Corp. president Ramon S. Ang told reporters after SMB’s stockholders meeting on Tuesday.
SMB, which has been operating in the last 126 years, wants to increase its export volume to the Middle East and supply more to America.
“I think soon, America will have a bigger potential. Our intention right now is to have a brewery in the West Coast,” Ang said, adding that the site should be close to the critical mass of migrant Filipino community in the US.
(Article from business.inquirer.net Image from news.franchiseindia.com)