July 10, 2018 at 07:00 pm
Jenniffer B. Austria
Ginebra San Miguel Inc., the liquor unit of San Miguel Corp., is finalizing plans to build four new manufacturing facilities in the country in a bid to regain leadership in the domestic market.
San Miguel president and chief operating officer Ramon Ang said in an interview at the sidelines of the annual stockholders’ meeting of Top Frontier Holdings Inc. the company was finalizing the details of the expansion, including the sites and capacity. The proposed plants are expected to be completed over the next two to three years.
Ginebra currently has six manufacturing plants across the country.
Ginebra earlier projected a net income of P1.2 billion this year, or nearly double from P602 million in 2017.
Volume growth is also expected to hit double digits. The company in 2017 sold a total of 27.7 million cases.
After losing market share to Emperador in the past few years, Ginebra managed to slowly recover on strong demand for its gin products in Luzon and Vino Kulafu brand in Visayas and Mindanao.