San Miguel to build $150-M brewery in Los Angeles | ABS-CBN
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San Miguel to build $150-M brewery in Los Angeles
San Miguel to build $150-M brewery in Los Angeles
ABS-CBN News
Published May 31, 2017 11:37 AM PHT
MANILA - San Miguel Corp said Wednesday it was planning to build a $150-million brewery in Los Angeles, its first in the US.
MANILA - San Miguel Corp said Wednesday it was planning to build a $150-million brewery in Los Angeles, its first in the US.
It will form part of a $500-million expansion plan that also includes two new breweries in the cities of Cagayan de Oro and Iloilo, San Miguel Corp told the stock exchange.
It will form part of a $500-million expansion plan that also includes two new breweries in the cities of Cagayan de Oro and Iloilo, San Miguel Corp told the stock exchange.
The plants will each have a capacity of 2 million hectoliters, the company said.
The plants will each have a capacity of 2 million hectoliters, the company said.
San Miguel Brewery's international operations include China, Hong Kong, Thailand, Vietnam and Indonesia, according to the company's website.
San Miguel Brewery's international operations include China, Hong Kong, Thailand, Vietnam and Indonesia, according to the company's website.
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San Miguel Corp shares were down 0.09 percent to 108.30 in early trading on Wednesday.
San Miguel Corp shares were down 0.09 percent to 108.30 in early trading on Wednesday.
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