Edition:
United States

Profile: San Miguel Corp (SMGBY.PK)

SMGBY.PK on OTC Markets Group

22.50USD
27 Apr 2017
Change (% chg)

$0.12 (+0.54%)
Prev Close
$22.38
Open
$22.50
Day's High
$22.50
Day's Low
$22.50
Volume
500
Avg. Vol
472
52-wk High
$22.69
52-wk Low
$14.25

San Miguel Corporation, incorporated on August 21, 1913, is a diversified conglomerate. The Company's segments are beverage, food, packaging, energy, fuel and oil, and infrastructure. The Company's product portfolio includes beer, liquor, non-alcoholic beverages, poultry, animal feeds, flour, fresh and processed meats, dairy products, coffee, various packaging products and a range of refined petroleum products. The Company's subsidiary, San Miguel Properties Inc. (SMPI), is engaged in commercial property development, sale and lease of real properties, management of strategic real estate ventures and corporate real estate services.

Beverage

The Company's beverage segment consists of brewing, distilling, selling, marketing and distributing beer, liquor and non-alcoholic beverages. Its products include San Miguel Pale Pilsen, San Miguel Super Dry, San Mig Light, San Mig Strong Ice and San Miguel Premium All-Malt. Its other beer brands include Cerveza Negra, Red Horse, Gold Eagle, Oktoberfest Brew, San Miguel Flavored Beer, San Mig Zero and Alcoholic Malt Beverage. Its non-alcoholic beverage business produces non-carbonated, ready-to-drink tea, fruit juice products and water, primarily under Magnolia brand. The Company's subsidiary, San Miguel Brewery Inc. (SMB), is primarily engaged in the manufacture and sale of fermented and malt-based beverages, particularly beer of all kinds and classes. SMB has over six production facilities in the Philippines strategically located in Luzon, Visayas and Mindanao and operates one brewery each in Hong Kong, Indonesia, Vietnam, Thailand and over two breweries in China. The Company also produces hard liquor through its subsidiary, Ginebra San Miguel Inc. (GSMI). GSMI is a gin producer with brands, including Ginebra San Miguel, GSM Blue, GSM Blue Light, Primera Light and Vino Kulafu. GSMI operates one distillery, over five liquor bottling plants and one cassava starch milk plant. GSMI has engaged approximately two toll bottlers located throughout the Philippines and one bottling and distillery plant in Thailand.

Food

The Company's food segment offers a range of food products and services to household, institutional and food service customers. The food business is conducted through San Miguel Pure Foods Company Inc. (SMPFC). In addition to its Philippine operations, the food business has operations in Indonesia and Vietnam. SMPFC is a Philippine food company, which offers a range of food products and services to household, institutional and foodservice customers. SMPFC has brands in the Philippine food industry, including Magnolia for chicken, ice cream and milk products; Monterey for fresh and marinated meats; Purefoods for refrigerated processed meats and canned meats; Star and DariCreme for margarine; San Mig Super Coffee for coffee; B-Meg for animal feeds and La Pacita for biscuits. SMPFC has a multi-channel distribution network that supplies its products to supermarkets and traditional retail outlets, trade, food service channels and franchised stores. SMPFC also engages in the development, reformulation and testing of new products.

Packaging

The Company's packaging segment provides packaging solutions for food, pharmaceutical, chemical, beverages, spirits and personal care manufacturers. The packaging business consists of San Miguel Yamamura Packaging Corporation (SMYPC), San Miguel Yamamura Packaging International Limited (SMYPIL), San Miguel Yamamura Asia Corporation (SMYAC), SMC Yamamura Fuso Molds Inc., Can Asia, Inc. (CAI) and Mindanao Corrugated Fibreboard, Inc. (Mincorr) (collectively, the Packaging Group). The Packaging Group includes packaging operations in the Philippines, which produces glass, metal, plastic, aluminum cans, paper, flexibles, polyethylene terephthalate (PET) and other packaging products and services, such as beverage tolling for PET bottles and aluminum cans. It also supplies its products to customers across the Asia-Pacific region, the United States, Africa, Australia and the Middle East, as well as to multinational corporations in the Philippines.

The Packaging Group has approximately 10 international packaging facilities located in China (glass, plastic and paperboard products), Vietnam (glass and metal), Malaysia (composite, plastic films, woven bags and a packaging research center) and Australia (glass, trading, wine closures and bottle caps) and New Zealand (plastics and trading). The metal business manufactures metal caps, crowns, resalable caps and two-piece aluminum beverage cans for a range of industries that include beer, soft drinks, non-alcoholic beverages and food. The plastics business produces bread and food trays, industrial containers, crates, pallets, poultry flooring, pails and tubs to companies in beer and beverages industries, as well as chicken and agricultural industries. The PET business produces PET preforms and bottles, plastic caps and handles. The composites/flexible packing business manufactures flexible packing, plastic films, industrial laminates, Envirotuff radiant barrier and woven bags. The paper business produces corrugated cartons and partition boxes. In addition, it also manufactures corrugated cartons and other paper-based packaging products through its subsidiary, Mindanao Corrugated Fibreboard, Inc. (Mincorr).

Energy

The Company's energy segment is conducted through SMC Global Power Holdings Corp. (SMC Global Power), which is engaged in the Philippine power generation industry. SMC Global Power administers three power plants, located in Sual (coal), Ilijan (natural gas) and San Roque (hydroelectric), with a combined capacity of 2,545 megawatts. SMC Global Power and its subsidiaries include San Miguel Energy Corporation and subsidiaries, South Premiere Power Corp., Strategic Power Devt. Corp., San Miguel Electric Corp., SMC PowerGen Inc., PowerOne Ventures Energy Inc., Albay Power and Energy Corp., SMC Consolidated Power Corporation and San Miguel Consolidated Power Corporation.

Fuel and Oil

The Company's fuel and oil segment operates its fuel and oil business through Petron Corporation (Petron). Petron is engaged in refining of crude oil and marketing and distribution of refined petroleum products mainly in the Philippines and Malaysia. Petron is an integrated oil refining and marketing company in the Philippines. Petron participates in the reseller (service station), industrial, lube and liquefied petroleum gas (LPG) sectors. In addition, Petron is engaged in the nonfuels business. Petron owns and manages an oil distribution infrastructure in the Philippines with over 30 depots, terminals and airport installations and approximately 2,200 retail service stations in the Philippines and over 10 product terminals, one depot and a network of approximately 570 retail service stations in Malaysia. Petron also exports various petroleum products and petrochemical feedstock, including naphtha, mixed xylene, benzene, toluene and propylene, to customers in the Asia-Pacific region. Petron owns and operates a petroleum refining complex with a capacity of 180,000 barrels per day located in Limay, Bataan Philippines.

Infrastructure

The Company's infrastructure segment is conducted through San Miguel Holdings Corp. (SMHC), which consists of investments in companies that hold long-term concessions in the infrastructure sector in the Philippines. Its operating tollroads include the Tarlac-Pangasinan-La Union Toll Expressway (TPLEX), South Luzon Expressway (SLEX), Skyway Stage 1 and 2, and the Southern Tagalog Arterial Road (STAR) tollways. Its ongoing tollroad projects are the NAIA Expressway (NAIAx) and the Skyway Stage 3. It also operates and is expanding the Boracay Airport. In addition, it has the concession right to construct, operate and maintain the Mass Rail Transit Line 7 (MRT-7).

The Company competes with Asia Brewery, Inc., Emperador Distillers Inc., Tanduay Distillers Inc., Pilmico Foods Corporation, Univet Nutrition and Animal Healthcare Company, Universal Robina Corporation, Charoen Pokphand Foods of Thailand, New Hope Group of China, Bounty Fresh Foods Inc., Bounty Agro Ventures, Inc., Gama Foods Corp., the Charoen Pokphand Group, Robina Farms, Foremost Farms, Philippine Foremost Milling Corporation, Foodsphere, Inc., Virginia Foods, Inc., Century Pacific Food Inc., Mekeni Food Corporation, Frabelle Food Corp., New Zealand Cremery, Inc., RFM Corporation, San Pablo Manufacturing, AD Gothong Manufacturing, Mondelez Philippines, Inc., Unilever-RFM, Tridharma Marketing Corp., Nestle, Lopez Group and Aboitiz Group.

Company Address

San Miguel Corp

40 San Miguel Avenue, Metro Mani
Manila Central Post Office
P.O.: Box 271
MANDALUYONG     1550
P: +632.6323000
F: +632.6323099

Company Web Links