San Miguel Corp plans Philippine expansion

Philippine conglomerate San Miguel Corp (SMC) plans to invest in new manufacturing facilities to increase its market share.

Company president Ramon Ang said SMC has invested in Northern Cement Corp (NCC) which is establishing a 2Mta line in Pangasinan. It currently owns a 35 per cent stake in NCC but it hopes to gain a majority share next year. The company also owns Eagle Cement which operates a plant in Bulacan.

Ang told local press that the company plans to add two more plans in Quezon Province and Cebu. He said the conglomerate is keen on investing further in the cement business to increase its market share. Overall, the company hopes to raise capacity to 10Mta over the next three years.