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Friday, March 29, 2024

Ang, Alvarez form new firm to distribute BMW

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San Miguel Corp. president Ramon Ang and Palawan Governor Jose Alvarez formed a new company for the importation and distribution of BMW vehicles in the Philippines.

San Miguel said in a disclosure to the stock exchange that SMC Asia Car Distribution Corp. would now be the corporate vehicle that would engage in the business of importation, distribution and servicing of BMW vehicles in the Philippines.

The new company will replace Asian Carmakers Corp., the exclusive importer and distributor of BMW vehicles in the Philippines.

San Miguel will own 65 percent of SMC Asia Car and while Alvarez will have 35 percent.

BMW has the widest dealership network in the luxury vehicle segment in the Philippines, with eight full service dealer facilities nationwide. 

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These are AutoAllee BMW in Eton Centris, North Edsa; Autohaus BMW in Quezon City; Motor Ventures BMW in Alabang; Prestige Cars BMW in Makati; Premier Cars BMW in Pampanga; Autobahn BMW in Bacolod; Autowelt BMW in Cebu; and Premium Motoren BMW in Cagayan de Oro.

BMW Motorrad has  four dealers in the motorcycle business including BMW in Quezon City, Premier Cars BMW in Pampanga, Autobahn BMW in Bacolod and Premium Motoren in Cagayan de Oro.

San Miguel also announced that it would enter into electronics manufacturing business, its third phase of diversification.

San Miguel has interests in power, petroleum, banking, infrastructure, food and beverages, properties and packaging.

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