San Miguel...

For the food business, the company will build at least 17 new facilities including feed mills, processing plants, processed meat facilities and a plant that would manufacture Spam.

The company through PureFoods has the license to manufacture Spam for the Philippines and the region, but this has never been utilized yet.

Spam is a brand of canned cook meat from US giant Hormel Foods Corp.

This year, the company has already completed and inaugurated a new hotdog manufacturing facility in General Trias, Cavite – effectively doubling the capacity – and two feed mills, one in Mariveles, Bataan and another one in Bulacan province.

SMC has put its food and beverage businesses under San Miguel Food and Beverage Inc.