Sunday, May 6, 2007

SMC will venture into power and other utilities

SMC to venture into power, other utilities

MANILA, Philippines -- SAN MIGUEL Corp. Is making a bold bid to find new engines of growth after dominating the food and beverage market.

In a preliminary information statement filed with the Securities and Exchange Commission, SMC said its board of directors has approved a plan authorizing the company to invest in new businesses such as power generation or transmission, water and other utilities, mining and infrastructure.  (Elizabeth Sanchez-Lacson/Phil Daily Inquirer)

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