The largest enterprise in the Philippines is not SM Holdings under Shi Zhicheng, not The Philippine Airlines under Chen Yongzhi, not the Peak Group under Wu Yihui, not Ayala Holdings of the Ayala family, nor the Vision Real Estate of the Villa family...; Instead, San Miguel Corporation, in 2020, the total assets of Shengli Group were RMB244.6 billion, which is the well-deserved number one giant in the Philippines
One. A member of the Cai Qiwen family
Cai Qiwen, the actual controller of Shengli Group
Ramon Ang, whose ancestral home is Tangdong Village, Jinjing Town, Jinjiang City, Fujian Province, was born in the Philippines in 1954. A graduate of Far Eastern University majoring in mechanical engineering, Xu Huange regained control of the Shengli Group in 1998 with the help of his Chinese-American deputy, Ramon Ang. In 2012, Cai Qiwen bought the shares of Shengli Group in the hands of Xu Huange and became the actual controller, and he held the most shares of Shengli Group.
Two. Cai Qiwen family business
San Miguel Corporation is one of the largest and most diversified conglomerates in the Philippines by revenue and total assets, with sales equivalent to approximately 4% of the Philippines' GDP in 2020. SMC's five main business groups, most of which are market leaders in their respective industries, include the following: food and beverage, packaging, fuel and oil, energy and infrastructure. In addition, SMC has invested in other businesses such as real estate development and leasing, cement, automotive distribution and banking services.
SMC owns a range of companies that are intertwined with the economic structure of the Philippines, benefit from and contribute to the development and economic progress of the country. SMC, through its subsidiaries and affiliates, has become the market leader in its Philippines operations, with a broad product portfolio including beer, spirits, non-alcoholic beverages, poultry, animal feed, flour, fresh and processed meats, dairy products, coffee, a variety of packaged products and a full range of refined petroleum products, most of which are leaders in their respective markets. In addition, SMC contributes to the growth of downstream industries and maintains a network of hundreds of third-party vendors.
(a) The food sector, a division of San Miguel Food and Beverage, Inc., comprises leading food companies in the Philippines. Its products and services span the entire value chain, from animal feed, fresh chicken and fresh meat to processed meats, ready-to-eat meals, flour, dairy, biscuits and coffee, which undoubtedly makes it the most diverse food supplier in the United States today. With a range of products and brands loved by millions of people, Bion Foods synonymous with fresh, safe and delicious food, providing consumers with convenient and value-for-money services. Its strong brands, including Magnolia, Purefoods, B-MEG, Monterey, Dari Crème, Star, La Pacita and Kambal Pandesal, among others, are household names that have earned the trust of generations of Filipinos around the world. In everything the Group does, San Miguel Foods has consistently excelled not only in creating products defined by quality, taste and safety, but also in the Group's connection to consumers, the realization of its values and its contribution to nation-building.
San Miguel Foods
In the field of liquor production, San Miguel Brewing Company (SMB) is the largest beer producer in the Philippines, and nine out of ten beer consumers prefer its brand. San Miguel beer was originally produced by La Fabrica de Cerveza de San Miguel, an emerging brewery located in downtown Manila, which began operations in 1890. It was authorized by the royal family of the King of Spain to brew beer in the Philippines, which was then a Spanish colony. In 1963, the brewery was renamed San Miguel Corp. to reflect its growing business in the food and packaging sector. As the beer business grew steadily, it laid the foundation for SMC to expand its interests from food, beverages and packaging to power, oil, aviation and infrastructure. Today, SMC is the largest diversified conglomerate in the country. At that time, all of SMB's beer businesses were part of SMC's business unit, the San Miguel Beer Division. SMB was established on July 26, 2007, and the domestic beer business was spun off from SMC to SMB on October 1, 2007. Splitting SMC's domestic beer business into SMB aims to realize the value of SMC's flagship business. In 2010, the acquisition of San Miguel Brewing International Limited (SMBIL) enabled SMB to fully integrate its domestic and international beer businesses. SMB now has a greater advantage in defending San Miguel's iconic brand in the Asia-Pacific region. Starting with a single product produced in a single brewery in 1890, SMB has developed a range of popular beer products over the past century to meet the different tastes and preferences of beer drinkers in all market segments and markets in the Philippines. Today, it has a portfolio of ten strong and popular beer brands: Red Horse, San Miguel, San Miguel, San Miguel Zero, Golden Eagle, San Miguel Super Dry, San Miguel Premium Whole Maltoire, Cerveza Negra, Kirin Ichiban and its flagship san Miguel Pale Pearson. These products have unique characteristics that are suitable for all segments of the Philippine beer market and have earned international recognition for their quality, winning awards in the prestigious International Selection of the Prestigious World Beer Awards almost every year and receiving other awards and awards. The company has seven production facilities across the Philippines to ensure product availability and freshness, and has a highly developed distribution system that serves approximately 471,000 retail stores. San Miguel beer products have always dominated the Philippine beer market, the largest alcoholic beverage segment in the country. Despite their dominant market position, SMEs continue to look for new ways to further expand their sales and market share in the Philippine beverage industry. In 2014, as part of SMB's growth strategy, the company embarked on another beverage segment that has had a promising outlook over the past five years. As an initial effort, the Company acquired the non-alcoholic beverage assets of Ginebra San Miguel in April 2015 after SMB amended its main purpose in its Articles of Incorporation to include the non-alcoholic beverage business. The company's entry into this new business category aims to strengthen the growth performance and competitiveness of small and medium-sized enterprises. The latest joint venture is also expected to help the company expand its presence in the Philippine market and develop new brands and planned products. Like world-class beers, SMB's non-alcoholic products will continue to maintain São Miguel's trademark of quality and excellence.
San Miguel Brewery Beer Brand
(c) In the field of real estate, San Miguel Real Estate Company (SMPI) is a corporate real estate subsidiary of San Miguel Company (SMC). It is the main real estate subsidiary of SMC Group and since its inception in 1990, SMPI has always had a deep understanding of filipino life. It is currently wholly owned by SMC. SMPI is currently engaged in commercial real estate development, real estate sales and leasing, strategic real estate corporate management and corporate real estate services. Among the projects he has completed are Asian Leaf, Bell Aldia and Cavet's Marawila and Starr's Wedgwood. Gran Manila Dover Rosa, Laguna and Makati Diamond Residences, One Dover View, Two Dover View and Emerald 88. We are committed to providing Filipinos with affordable, quality housing that adapts to and meets the needs of their changing lifestyles. By introducing innovative housing concepts, SMPI is changing the way Filipinos live. We started out as an asset manager at San Miguel and grew in line with SMC's core tenets and values. Our first project was Villa de Calamba in Laguna, which addressed the needs of the filipino marginal working class. Today, SMPI's portfolio has grown to serve the diverse lifestyles of the Philippines as well as emerging foreign markets. Projects such as The Dofoshan in San Juan, Cavite's Asian Leaf and Makati Diamond Residences' Premium Serviced Living Concept are designed to complement the ever-changing Philippine homebuyers.
San Miguel Real Estate Company development
(4) In the field of infrastructure, SMC Infrastructure is our infrastructure department, responsible for the construction, management and operation of the country's largest infrastructure network. Its current portfolio includes: Talak-Panga Southwest-Latin America Expressway (TPLEX), South Tagalog Trunk Road (STAR), South Luzon Expressway (SLEX), Skyway System and NAIA Expressway (NAIAX), Boracay Airport, MRT-7 Railway and Highway Project, and Brakan Bulk Water Supply Project.
South Luzon Highway
In the field of energy, Petron Corporation is the largest refining and marketing company in the Philippines and a leader in the Malaysian market. With a combined refining capacity of 268,000 barrels per day, we produce a wide range of world-class fuels and petrochemicals that fuel the lives of millions of Filipinos and Malaysians. In the Philippines, we provide nearly 30% of the country's total fuel needs through the operation of a 180,000-barrel-per-day refinery in Bataan. As one of the most advanced facilities in the region, our refinery processes crude oil into a variety of petroleum products, including gasoline, diesel, liquefied petroleum gas, aviation fuel, kerosene and petrochemicals.
From Bataan, we transport our products mainly by sea to nearly 30 terminals located throughout the archipelago. Through our strong distribution network, we fuel strategic industries such as power generation, manufacturing, mining, agribusiness and more. Petron also supplies aviation fuel to international and domestic airlines at key airports. We retail petrol, diesel and automotive LPG to drivers and the public transport sector through the nation's broadest network of gas stations. Our wide range of world-class fuels include Blaze 100 Euro 6, XCS, Xtra Advance, Turbo Diesel and Diesel Max. We also sell LPG brands Gasul and Fiesta Gas to home and commercial consumers through an extensive retail network. Our fuel additives are sourced from the blending facility at Subic Bay Freeport. This allows us to uniquely formulate additives suitable for the driving conditions of the Philippines. Our product leadership also extends to our range of premium engine oils that meet or exceed global standards. These lubricants are formulated, tested and produced locally at our new blending plant in Tondo, Manila, with twice the capacity of our previous facility in Pandacan. We partner with popular food and service targeting chains to provide customers with a one-stop, full-service experience. We have San Mig Food Ave. and Treats convenience stores located at specific stations that offer a wide variety of food, drinks, and personal belongings for motorists. To strengthen our presence in the region, we continue to expand our presence in Malaysia to include integrated refining, distribution and marketing. We operate an 88,000-barrel-per-day refinery, 10 terminals, including four subsidiaries, and a retail network of approximately 700 gas stations at our Port Dickson Lumut PME facility. As part of the San Miguel Group, one of the largest and most diversified conglomerates in the Philippines, we are committed to expanding and growing our business to ensure we have a positive impact in our existing markets. Our vision is "to be a leading provider of comprehensive customer solutions for the energy industry and its spin-offs".
Petron Corporation
In the field of electricity, SMC Global Power Holdings Corp. (SMC Global Power) is one of the largest power companies in the Philippines. As the energy arm of SMC, SMC Global Power plays a key role in becoming one of the largest electricity suppliers in the country with its total installed capacity of 4697 MW. According to the Department of Energy's EPIRA Report 2020, the company produces about 20% of the electricity generated by the State Grid, 27% of the Luzon grid and 8% of the Mindanao grid (as of December 31, 2020). In addition to leading the power generation industry, SMC Global Power is also a strong player in the distribution and battery storage industry in the Philippines. The company continues to take risks in innovation and technology that will transform the Philippines' energy mix and help the country become carbon-neutral and economic.
In terms of power generation, SMC Global Power fulfills its mission of providing competitive, affordable and reliable electricity through its diverse multi-fuel power portfolio, which includes renewable energy sources such as natural gas, coal and hydropower. Through its Independent Power Generation Authority (IPPA) agreement with the Power Sector Asset And Liability Management Corporation (PSALM), the company manages the generation of power from the following power plants: the 1000 MW Sual coal-fired thermal power plant in Pangassinan; 345 MW San Roque hydroelectric power station in Pangassinan; Batangas 1200 MW Iliyan Gas Combined Cycle Power Plant. SMC Global Power also supplies electricity to the country through its full range of independent power producer (IPP) assets, including the 1019 MW Masinloc power plant in Zambia, which uses supercritical technology; Bataan 600 MW Limay power plant uses circulating fluidized bed technology; The 300 MW Malita Power Plant in Western Davao uses circulating fluidized bed technology. In addition, the company has formed a joint venture with the Korea Water Resources Corporation (K-Water) to operate and maintain the 218 MW Anga hydropower station in Brakan. Currently, SMC Global Power is implementing its growth strategy through the expansion of the Iliyan power plant and the construction of the fourth unit of the Masinlock power plant. These projects, as well as other ongoing expansion plans, will allow the company to maintain its leading position in the power sector and further help the country achieve energy security.
In terms of power distribution systems, SMC Global Power is also involved in power distribution and retail power services. SMC Global Power, through its subsidiary Albay Power Energy Corporation (APEC), has entered into a concession agreement for the operation and maintenance of Albay Electric Cooperation, Inc. (ALECO), which is the franchisee for electricity distribution in The Albay Province of Luzon. In addition, SMC Global Power extends its electricity sales to a wider range of customers, including retail customers. Retail Electricity Supplier (RES) licenses issued by the Energy Regulatory Commission (ERC) allow companies to enter into contracts with disputed customers and expand their customer base.
In terms of battery storage, SMC Global Power continues to expand its portfolio of Battery Energy Storage Systems (BESS) projects, which will help improve the reliability and stability of the grid. With the ongoing construction of approximately 1,000 MW BESS facilities at 37 locations in the Philippines, SMC Global Power will vigorously promote the use of renewable energy in the country and contribute to system frequency control in the national grid.
SMC Global Power
(vii) In the financial sector, BankCom is one of the country's progressive banks and, in accordance with regulatory requirements, has a general banking license issued by Bangko Sentral ng Pilipinas (BSP) of the Philippines. The bank has been in operation since 1963 as the Manila Overseas Bank, headquartered in Binando, Manila. In 2008, Commercial Bank became a subsidiary of San Miguel AG and launched a new logo with SMC escudo. In December 2020, the Intellectual Property Office (IPO) granted "BankCom" a copyright license as the bank's official abbreviation. Commercial banks offer innovative banking solutions and a full suite of products and services in the areas of deposits, commercial loans, credit card services, consumer banking, corporate banking, treasury, asset management, transaction banking, trust and investment. In terms of service scope, the Bank provides online banking facilities for retail and corporate customers, BankCom [personal] and BankCom [business] respectively, and has launched a new mobile banking application to encourage consumers and corporate customers to use these online banking platforms for routine banking services such as bill payment, fund transfer, card loading and other services. The bank has a network of 140 branches and 261 automated teller machines (ATMs), located across the country. As of March 2021, BankCom is the 16th largest bank in the Philippines by asset and 17th largest in capital.
Branch outlets of commercial banks
Three. History
La Fabrica de Cerveza de San Miguel was founded as the first brewery in Southeast Asia to produce and bottle
1914. Raw Beer is exported from its headquarters in Manila to Shanghai, Hong Kong and Guam.
1922. Vitality begins to produce non-alcoholic beverages. Later, it also obtained the right to bottle and distribute Coca-Cola
1925. Entered the ice cream industry
1930.Shengli began to invest in overseas business. This began with the establishment of short-term dairy businesses in Kolkata, India, and Singapore. Later, he invested in breweries in the United States
1932. A factory for the production of compressed yeast for bakeries and medical use was built
1939. The company's management reorganized according to the ideas of the American company, becoming the first Filipino company with thousands of shareholders
1948.Shengli bid HK$6 million to acquire Hong Kong Brewery Limited and changed its name to Hong Kong Shengli Brewery Limited, the first local brewery in the British colony
1953 SanMiguel Fabricas de Cerveza y Malta in Spain
1954. Cai Qiwen was born in the Philippines
1964.Shengli Beer was renamed Shengli Group. Its Philippines operations were on a path of diversification, and on December 30 of the same year, Soriano, who had controlled the company for more than 30 years, died. By this time, the industries involved in the company included mining, dairy products, meat processing, newspapers and radio stations, and Soriano's son, Andrés Soriano Jr., became the company's president
1980. Eduardo "Danding" Cojuangco Jr., a close confidant of Philippine President Marcos, takes advantage of the conflict between the soriano family and the Ayala family, and gains control of the Vital Group with the support of Marcos
1986. The Marcos regime collapsed during the Popular Power Revolution, and Dante Hsu had to flee abroad; As a result, the control of the Shengli Group returned to the hands of the Soriano family.
1990.Hong Kong Shengli and Guangzhou Brewery jointly established "Shengli (Guangdong) Beer Co., Ltd."
1998. With the assistance of his Chinese-American deputy, Ramon Ang, Xu Huange regains control of the Vital Group
2000. Spain's largest brewery acquires the Shengli Distillery and forms the "Grupo Mahou-San Miguel". Since then, in addition to the fact that the company still holds the right to operate the Shengli brand in Europe, it has nothing to do with The Philippine Shengli
2009. Cai Qiwen's allies buy a 28% stake in Shengli Group
2012.Cai Qiwen bought the shares of Shengli Group in the hands of Xu Huange and became the actual controller, and he held the most shares of Shengli Group
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