E-Malt.com News article: Philippines: San Miguel Corp to build beer plant in Cambodia

San Miguel Corporation plans to invest in beverage factory and various projects in Cambodia, Manila Bulletin posted on October 26.

During a meeting with Prime Minister Hun Sen on Monday, October 25, Ramon S. Ang, president and chief operating officer of San Miguel Corporation, told the premier that the company plans to invest in beers and whisky factory, energy, gas, chemical and agricultural sections, the Prime Minister's spokesman Eang Sophalleth told reporters after the meeting. The company is also planning to build chicken farm in Cambodia.

Eang Sophalleth said that the San Miguel Corp would invest in a joint-venture with the Royal Group of Companies owned by the local tycoon Kith Meng for these investment projects.

The details of the investment plan are not disclosed.

San Miguel Corporation is one of the Philippines' most diversified conglomerates, generating close to 3% of the country's gross national product through its highly integrated operation in beverages, food, energy, power, mining, telecommunications and infrastructure.


27 October, 2010