Spanish beverage company Mahou San Miguel is launching an open innovation platform alongside food tech accelerator Eatable Adventures as it searches for the ‘drink of the future’. FoodNavigator learns more about the challenges and opportunities in beverage...
San Miguel Food and Beverage (SMFB) will plough resources into building new company-owned production facilities in the Philippines in an effort to tramp-up production and help boost exports.
San Miguel Corp (SMC) has revealed it will consolidate its food and beverage businesses under San Miguel Pure Foods Co Inc in a P336.35bn (US$6.5bn) share swap with its group companies.
C&C Group says it is boosting its international expansion with a strategic distribution agreement with San Miguel Marketing Thailand, which will strengthen sales and distribution of Magners cider in Thailand.
San Miguel Corporation, Southeast Asia's largest food and drinks manufacturer, has been handed a P130 million (€2 million) fine after being found to have engaged in unfair trade practices.
In the latest briefs, Anheuser Busch continues to profit from its
increasing focus on export brands; not to be outdone San Miguel
also continues to enact cost savings in South China; and Rexam hits
Russia.
In the latest news roundup, San Miguel adds some fizz to its Hong
Kong operations, Scottish & Newcastle's chief executive may be
about to call time on his tenure, and the Orangina group makes an
energetic acquisition.
San Miguel's first half profits have taken a hit as it continues
to diversify its operations into mining and power to offset
uncertainty's in its core food and beverage brands.
San Miguel Corporation (SMC), Southeast Asia's largest food and
drinks manufacturer yesterday announced plans to diversify into
mining, power, infrastructure and property to boost growth.
Brewer San Miguel plans to list its domestic beer and
global packaging operations on the Philippines stock exchange
in a move to court more investment in the company.
San Miguel, the Philippines biggest food and beverage producer,
said on Friday that it has not yet reached a deal deciding the
future ownership of its bottling joint venture with Coca-Cola.
San Miguel's chief executive reassured investors on Tuesday by
outlining its plans to concentrate on growing sales and sustaining
profits over the coming years.
San Miguel, the biggest food and drink maker in south east Asia,
will close one of its breweries in southern China this year as part
of a cost-cutting drive in the region, according to a report.
San Miguel, the biggest food and drink company in the Philippines,
reported a 4 per cent drop in first half profits yesterday, after
higher raw material and packaging costs eroded the benefits of
strong sales growth.
New Zealand dairy co-operative Fonterra announced today that it has
pulled out of the three month bidding war to buy National Foods,
crowning San Miguel the new owner of Australia's largest publicly
traded dairy company, Tom...
San Miguel, the Philippines food and beverage group, has trumped a
rival bid from Fonterra, the world's biggest dairy exporter, to buy
Australia's National Foods, Tom Armitage reports.
One of Southeast Asia's leading food and beverage companies San
Miguel said yesterday that it was planning to establish a presence
in Thailand's growing beer market.
Kirin Brewery Company has acquired a further 117 million class B
shares of San Miguel Corporation, pushing its share in the
Philippines food giant up by 4.12 per cent, giving Kirin a 19.67
per cent stake in San Miguel.
San Miguel says it is looking to expand its food and beverage
business outside of the Asian market, building on moves introduced
earlier this year to extend its business beyond the domestic market
and into Asia. Simon Pitman reports.
San
Miguel has started construction of a new beverage manufacturing
facility in Java, Indonesia, as part of its aim to further expand
its operations beyond the domestic Philippines market and into the
Asia Pacific region.
Philippines group San Miguel Corp plans to invest $140 million
(€144m) to build two glass plants in Australia, according to a
report in the Australian Financial Review.