September 3, 2018

San Miguel Food and Beverage targets Europe, Africa

San Miguel Food and Beverage Inc. (SMFB), the newly consolidated food and beverage giant of San Miguel Corp. (also formerly known as San Miguel Pure Foods Co.), plans to export its products to new markets in Europe and Africa, even as these products are currently exported to 60 countries.

"We plan to grow further in Asia, Middle East, US and Australia and new markets in Europe and Africa through image-building, volume-generating programmes and expansion of distribution base," SMFB said in documents provided to investors as part of its forthcoming 142.8-billion-peso share sale, as reported by The Philippine Star.

The report said the company plans to increase capacity for its value-added meats and dairy, among others, by 130,000 tonnes from this year through 2020.

For poultry, pork and feed, SMFB will build "three processing facilities with 74 million birds total capacity from 2018 to 2020."

Also planned are five new feed mills with 1.5 million-tonne capacity. One of these mills will be equipped with "aquatic floating feeds to increase the food division's capacity for higher mating products and help supply the Visayas and Mindanao region".

It will also build four facilities and manufacturing lines for hotdogs, butter, margarine and cheese and cannery, The Philippine Star report said.