San Miguel Corp, based in the Philippines, has confirmed plans to invest PHP 75bn ($1.5 billion US dollars) in its San Miguel Pure Foods subsidiary.
It is said that some of the investment will be spent on new production facilities for Pure Foods’ hot dog, corned beef and luncheon meat products.
The investment would also see an expansion of the group’s flour mills, to increase production capacity by an additional 1,200 tons daily.
San Miguel president and COO Ramon Ang said the plans ‘are slated for completion by 2018’. The group produces and markets flour under brands including Emperor and King.
It is also believed that the group would also invest in new bottling lines for its beer business.
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