THE San Miguel Corporation (SMC) is planning to pour P60 billion worth of additional investments in Misamis Oriental next year, Governor Yevgeny Vincente Emano said on Monday, September 18.
Emano said SMC President and Chief Operating Officer Ramon Ang announced the additional investment is for the establishment of several plants that include a packaging plant, a plant that will produce chicken nuggets and hotdogs, another plant for its bottled water products, and the expansion of a Petron depot in Barangay Casinglot in Tagoloan town.
The food and beverage giant has a majority stake in Petron Corporation, the country’s largest oil refiner.
“I can’t wait to see billions of pesos invested in our province, because it translates to millions of jobs for our people,” Emano said.
“Ang paghimo sa hotdogs, chicken nuggets ug mga karton for the packaging dinhi na himuon sa Misamis Oriental. He (Ramon Ang) has asked what favor I would want, and I told him that what I want is for the workforce or the manpower of these projects be from Misamis Oriental, which Mr. Ang granted," he added.
“Dako kaayo kini ug benepisyo alang sa atong katawhan sa lalawigan. Excited na lagi ko sa 2018 tungod kay daghan kaayo grasya nga midangat kanato gikan sa kahitas-an. Murag ligbus nagtubo-tubo lang,” he said.
The San Miguel Brewery Inc. has earlier constructed its new brewery, also in Tagoloan town, which will start its operations next year.
The new brewery stands in a 54-hectare area and is expected to generate at least a thousand jobs.
The P6 billion brewery will have a full capacity of 3 million hectoliters.