San Miguel Corp. (SMC) is forging ahead with major expansion projects in infrastructure, energy and food manufacturing, anticipating sustained growth in the coming years.
SMC chairman and chief executive Ramon Ang said the group’s “massive expansion projects would create resilient long term revenue streams and long-term growth potential.”
He said these initiatives would also “address bottlenecks in mobility, productivity and energy and food security.”
Ang said the Bulacan airport is a primary focus, noting its crucial role in “boosting tourism and easing congestion at the Ninoy Aquino International Airport [NAIA].”
The company is also expanding its tollway network in Southern Luzon to accommodate increasing vehicle volumes and improve mobility across Metro Manila and nearby provinces.
The MRT-7 project, connecting EDSA Trinoma to San Jose del Monte, Bulacan, is 80-percent complete. This railway is expected to alleviate commuting for thousands and stimulate local economies along its route.
He said that in the energy sector, SMC is accelerating its renewable power initiatives.
“We just won the Green Energy Auction yesterday for the 2,000 MW hydro project in San Roque. This is a huge project and it will add to the good future of our country,” Ang said.
The move aligns with SMC’s broader strategy to enhance renewable energy capacity and lessen dependence on fossil fuels.
SMC is nearing its target of establishing 1,000 megawatt-hours (MWh) of battery energy storage capacity, with 630 MWh already operational across 18 sites.
The company also reported strong performance and returns from its recently commissioned generation and battery storage facilities.
Petron Corp., SMC’s fuel and gas unit, remains stable despite global oil price volatility. Ang attributed this to “good Petron management” and effective hedging strategies.
Meanwhile, San Miguel Foods is expanding its integrated food production efforts to contribute to the country’s food security.
