San Miguel Corporation, together with its subsidiaries, is one of the largest and most diversified conglomerates in the Philippines by revenues and total assets—with sales equivalent to approximately 6.0% of the Philippine GDP in 2023.
Originally founded in 1890 as a single product brewery in the Philippines, SMC today owns market-leading businesses and investments in various sectors, including food and beverage, packaging, energy, fuel and oil, infrastructure, cement, property and banking services. SMC has a portfolio of companies that is tightly interwoven into the economic fabric of the Philippines, benefiting from, as well as contributing to the development and economic progress of the country.
Since adopting its business diversification program in 2007, SMC has channeled its resources into what it believes are attractive growth sectors, which are aligned with the development and growth of the Philippine economy. SMC believes that continuing this strategy and pursuing growth plans within each business will achieve a more diverse mix of sales and operating income, and better position SMC to access capital, present different growth opportunities and mitigate the impact of downturns and business cycles.
SMC is one of the nation’s largest employers, with a direct workforce of 53,184 employees as of December 2023. For each job created within the San Miguel ecosystem, many additional jobs are generated through suppliers, distributors, retailers, and other business partners. At present, we have more than 100 major facilities in the Asia-Pacific region.
Through strategic partnerships forged with major international companies, we have access to managerial expertise, international practices and advanced technology. Our partners, notably Kirin Brewery Co., Ltd., Nihon Yamamura Glass, U.S.-based Hormel Foods Corporation, and Korea Water Resources Corporation, are world leaders in their respective businesses.
SMC is listed on the Philippine Stock Exchange (PSE Ticker: SMC). Publicly-listed subsidiaries include