60 Billion Pesos Investment of San Miguel Corporation in Misamis Oriental

The sprawling 50-hectare site of San Miguel Corporation (SMC) in Tagoloan will house four huge facilities which are the following:

PETRON OIL DEPOT – Misamis Oriental Gov. Yevgeny Vincente Emano disclosed an expanded Petron depot will be built in the area. SMC owns majority stakes of Petron Corporation, the largest oil refining firm in the country.

MEAT PROCESSING PLANT – Purefoods Hormel Company, a subsidiary of San Miguel Corporation held groundbreaking in the area for a meat processing plant with all packaging of its line of hotdogs, ham, bacon, chicken nuggets and canned beef to be transferred there.

WATER FILTRATION PLANT – According to Ramon Ang, SMC President, “Purewater brand will live on, but not as a plastic water bottle business but through SMC’s investment in filtration technology that will be deployed during calamities to make safe drinking water available to displaced and affected families in lieu of environmentally unsustainable bottled water.”

BREWERY – SMC had just started constructing facilities in barangay Sta. Ana, followed by a groundbreaking of a new brewery with a capacity of 1.5 hectoliters on April.

According to Emano, the combined investments of the four facilities – brewery, meat processing plant, filtration plant and oil depot – will total P60 billion.

Based on a report by Mark D. Francisco of Philippine News Agency