San Miguel Corporation (SMC), the conglomerate behind San Miguel Brewery (SMB) is interested in operating Philippines' main gateway, the Ninoy Aquino International Airport (NAIA) in Manila, Philippines. Ramon Ang president and chief operating officer of SMC confirmed today, that SMC submitted an unsolicited operations and maintenance proposal for NAIA.
On Tuesday, the Manila International Airport Authority (MIAA) had revoked the original proponent status issued to Megawide Construction Corporation and its Indian partner GMR Infrastructure Limited. In November, a state body found that Megawide's equity position was "insufficient to finance the requirement for the proposed project."
SMC is one of the Philippines’ largest and most diversified conglomerates, generating about 5.9% (as of 2018) of the country’s gross domestic product through its highly integrated operations in beverages, food, packaging, fuel and oil, power and infrastructure.
The company was established in 1890 as a single brewery in the Philippines under La Fabrica de Cerveza de San Miguel. Its flagship product, San Miguel Beer, is today one of the largest selling beers in South East Asia. Production was extended beyond its home market to countries like Hong Kong, China, Indonesia, Vietnam (inside.beer, 29.5.2019), Thailand, Malaysia and Australia. Besides operating its own productions abroad, San Miguel’s products are exported to 60 markets around the world.
Since 2008, SMC has ventured beyond its core business. Today the business is divided into the following sectors:
- San Miguel Food and Beverage, Inc., the Philippines’ leading food and beverage company, with popular brands in the food, beer and spirits categories that are top-of-mind of consumers and maintain market-leading positions in their respective categories.
- Petron Corporation, the market leader in the fuels and oils industry in the Philippines, and a strong player in the Malaysian downstream oil market.
- SMC Global Power Holdings Corp with a full spectrum of three IPPA contracts and greenfield power plants. The company’s portfolio has a combined capacity of 4,197 MW as of the end of 2018, accounting for 25% of the Luzon grid, 9% of the Mindanao grid, and 19% of the national grid.
- SMC Infrastructure, the companies infrastructure arm that handles the construction, management, and operation of the country’s largest infrastructure network. Its current portfolio includes: the Tarlac-Pangasinan-La Union Expressway (TPLEX), the Southern Tagalog Arterial Road (STAR), South Luzon Expressway (SLEX), the Skyway System, and the NAIA Expressway (NAIAX), Boracay Airport, the MRT-7 rail and road project, and the Bulacan Bulk Water Supply Project.