| Type | Public () |
|---|---|
| Traded as | PSE: SMB |
| Founded | 2007 (Original brewery founded 1890) |
| Headquarters | 40 San Miguel Avenue, Mandaluyong, Philippines |
| Key people | Ramon Ang (Chairman) |
| Products | Beer |
| Net income | PHP 10.042 billion (US$207.2 million USD) [1] |
| Website | www.sanmiguelbrewery.com.ph |
San Miguel Brewery, Inc. (PSE: SMB), a subsidiary of San Miguel Corporation, is the largest beer producer in the Philippines, with a market share of over 95% as of 2008.[2] It has five breweries spread across the country producing eight beer brands, led by its flagship brand San Miguel.
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The original San Miguel Brewery was founded in 1890 in Manila. Later renamed as San Miguel Corporation (SMC) in 1963, it has grown into one of the Philippines' largest business conglomerates with interests in alcoholic and non-alcoholic beverages, food, packaging, power, oil and telecommunications.
San Miguel Brewery was spun off from SMC on October 1, 2007 and was subsequently listed on the Philippine Stock Exchange on May 12, 2008. In 2009, Kirin Holdings Co. Ltd. of Japan bought 48.3% of the company from SMC for PHP 8.841 per share.[3]
San Miguel Brewery carries a portfolio of eight beer brands:
San Miguel is brewed in Hong Kong by the San Miguel Brewery Hong Kong Ltd, where it has a 24% share as it is more affordable compared to European rivals.
San Miguel is also produced in Nepal through a licensing agreement. San Miguel Brewery also brews Miller Genuine Draft and Löwenbräu beers under license.
SMB Inc. has manufacturing operations in Hong Kong, Malaysia, China, Vietnam, Indonesia and Thailand.[4]
The company is majority-owned by San Miguel Corporation. Kirin Brewery Company, through its investment arm Kirin Holdings Co. Ltd, holds the most significant minority stake. Philippine mall magnate Henry Sy also has a stake in the company. Other top shareholders as of December 2009 are as follows:[5]
| Name | Shares | Percent |
|---|---|---|
| San Miguel Corporation | 7,859,324,270 | 51.000 |
| Kirin Holdings Co. Ltd. | 7,458,864,880 | 48.388 |
| PCD Nominee Corporation (Filipino) | 62,538,710 | 0.406 |
| Henry Sy | 12,500,000 | 0.081 |
| Syntrix Holdings Inc. | 12,500,000 | 0.081 |
| PCD Nominee Corporation (Non-Filipino) | 1,209,600 | 0.008 |
| Isias and/or Melinda Lumanta | 132,000 | 0.001 |
| Marilyn Maranon | 124,000 | 0.001 |
| Virgilio Salonoy | 82,000 | 0.001 |
| Fadil III | 63,000 | 0.001 |
| John Devela & Jay P Noy CO | 3,000 | 0.00001 |