San Miguel Brewery

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San Miguel Brewery, Inc.
Type Subsidiary
Traded as PSESMB (2008–2013)
Predecessor(s) San Miguel Corporation (1890-2007)
Founded 2007
Headquarters 40 San Miguel Avenue, Mandaluyong, Philippines
Area served Philippines, Hong Kong, China, Indonesia, Vietnam, Thailand
Key people Ramon S. Ang (Chairman)
Roberto N. Huang (President)
Products Beer
Net income Increase PHP 10.042 billion (US$207.2 million) [1]
Parent San Miguel Corporation
Subsidiaries San Miguel Brewing International Ltd.
Website www.sanmiguelbrewery.com.ph

San Miguel Brewery, Inc. (SMB) is a subsidiary of San Miguel Corporation (SMC) (PSESMC). The company is the Philippines’ largest brewery with a market share of over 95% as of 2008.[2] The company also operates in China and Southeast Asia.


History[edit]

The original San Miguel Brewery, Inc. was founded as La Fabrica de Cerveza de San Miguel in 1890 and incorporated as the first San Miguel Brewery, Inc. in 1913. It was renamed San Miguel Corporation (SMC) in 1963, having grown into one of the Philippines' largest business conglomerates with core interests in alcoholic and non-alcoholic beverages, food and packaging. The breweries operated as the beer division of SMC until 2007.

The original San Miguel brewery, circa 1915.

San Miguel Brewery, Inc. (SMB) was incorporated on July 26, 2007 as a subsidiary of SMC and the domestic beer business was spun off from SMC to SMB on October 1, 2007.[3] In 2009, Kirin Holdings Co. Ltd. of Japan acquired 48.3% of the company from SMC for PHP 8.841 per share.[4]

In 2010, SMB acquired 100% ownership of San Miguel Brewing International Ltd. (SMBIL) from SMC. The acquisition of SMBIL enabled SMB to achieve full integration of San Miguel’s domestic and international beer businesses. SMBIL oversees operations in Hong Kong, People’s Republic of China, Indonesia, Thailand and Vietnam.

Philippine Stock Exchange (PSE)[edit]

SMB became listed in the Philippine Stock Exchange (PSE: SMB) on May 12, 2008.

On January 2, 2013, trading of its stock was suspended when the rule on the minimum public ownership of listed shares took effect. On February 18, 2013, the company announced that its board of directors had approved the voluntary delisting of the company from the stock exchange as well as a tender offer to buy back 94.24 million shares – representing the 0.61% public float.[5] On April 24, 2013, the PSE board granted the petition for voluntary delisting filed by the company to take effect May 15, 2013.[6][7]

Products[edit]

San Miguel Beer Pale Pilsen
  • San Miguel Pale Pilsen (San Miguel Beer)
  • San Miguel Premium All-Malt Beer
  • San Miguel Super Dry
  • San Miguel Flavored Beer
  • San Mig Light
  • San Mig Strong Ice
  • San Mig Zero
  • Cerveza Negra (San Miguel Dark Beer)
  • Red Horse Extra Strong Beer
  • Gold Eagle Beer
  • Cali (non-alcoholic beer)

Noteworthy for collectors: Red Horse Beer can occasionally be found in a bottle bearing a rare yet modified logo whereas the horse shows up with a smile. Another distinct mark of the bottle has the back information all printed in red instead of yellow. The bottle is nicknamed the "laughing horse".

Breweries[edit]

San Miguel Brewery production facilities in Davao

SMB operates six breweries in the Philippines:

International[edit]

San Miguel Brewing International Ltd. (SMBIL) is a wholly owned subsidiary of SMB which operates subsidiaries in the following countries:

Hong Kong and China:

  • San Miguel Brewery Hong Kong Ltd (SMBHK)
    • San Miguel (Guangdong) Brewery Company Ltd. – subsidiary of SMBHK
    • Guangzhou San Miguel Brewery Company Ltd. – subsidiary of SMBHK
  • San Miguel Baoding Brewery Company Ltd.

Indonesia:

  • PT Delta Djakarta Tbk

Vietnam:

  • San Miguel Brewery Vietnam Ltd.

Thailand:

  • San Miguel Beer (Thailand) Ltd.

Products[edit]

  • San Miguel Pale Pilsen (San Miguel Beer)
  • San Miguel Premium All-Malt
  • San Mig Light
  • Blue Ice (Hong Kong)
  • Bruck (Hong Kong)
  • Knight (Hong Kong)
  • Polar Ice (Hong Kong)
  • Valor (Hong Kong and South China)
  • Double Happiness Beer (South China)
  • Dragon Beer (South China)
  • Blue Star (North China)
  • Super Cool (North China)
  • W1N Bia (Vietnam)
  • Dzo (Vietnam)
  • Anker Beer (Indonesia)
  • Kudah Putih (Indonesia)

Softdrink:

  • Sodaku (Indonesia)

Carbonated water:

  • Soda Ice (Indonesia)

San Miguel is also produced in Nepal through a licensing agreement.

Relation with San Miguel Beer (Spain)[edit]

The origins of the Spanish-made San Miguel Beer date back to 1946, when SMC president Andrés Soriano, Sr. set up a brewery in Spain named, La Segarra, S.A., and gave it a license to brew San Miguel Beer. In 1953, Soriano entered into an agreement with La Segarra, spinning off the Spanish rights of San Miguel Beer independent from SMC. In 1957, La Segarra changed its name to San Miguel, Fabricas de Cerveza y Malta S.A. The company was acquired by Mahou, S.A. from Groupe Danone in 2000, combining to form Spain’s largest brewer, the Mahou-San Miguel Group.

Further reading: Llewelyn, David (2010). Invisible Gold In Asia: Creating Wealth Through Intellectual Property. Reno, Nevada: Marshall Cavendish Business. pp. 217–218. ISBN 9812618902. 

See also[edit]

References[edit]

External links[edit]

Company websites:

Brand websites: