or style may not reflect the encyclopedic tone used on wikipedia . see wikipedia s guide to writing better articles for suggestions . october 2011 learn how and when to remove this template message san miguel corporation smc head office complex in mandaluyong type holding company public traded as pse smc industry conglomerate founded manila captaincy general of the philippines now manila philippines 1890 ; 126 years ago 1890 founder enrique mar a barretto de ycaza headquarters 40 san miguel avenue mandaluyong city philippines area served worldwide key people eduardo m. cojuangco jr. chairman and ceo ramon s. ang vice chairman president and coo revenue usd 17.614 billion 6.92 % 2013 1 net income usd 1.195 billion 34.71 % 2013 1 total assets usd 27.564 billion 12.19 % 2013 1 number of employees 17 151 subsidiaries san miguel brewery ginebra san miguel san miguel pure foods company san miguel yamamura packaging corporation san miguel properties website www.sanmiguel.com.ph san miguel pale pilsen smc s trademark product san miguel corporation pse smc is southeast asia s largest publicly listed food beverage and packaging company as well as the philippines largest corporation in terms of revenue with over 17 000 employees in over 100 major facilities throughout the asia pacific region . its flagship product san miguel beer is one of the largest selling beers and among the top ten selling beer brands in the world . san miguel s manufacturing operations extend beyond its home market to hong kong china indonesia vietnam thailand malaysia and australia ; and its products are exported to 60 markets around the world . since 2008 smc has ventured beyond its core businesses becoming involved in fuel & oil petron corporation power generation and infrastructure . it was briefly involved in philippine airlines from april 2012 to september 2014 . 2 3 4 contents 1 history 1.1 andr s soriano sr. 1918 to 1964 1.2 andr s soriano jr. 1964 1984 1.2.1 turbulence 1983 to 1986 1.3 andr s soriano iii 1986 to 1998 1.4 the cojuangco ang era 1998 to present 1.5 the new smc 2 legal issues 3 core businesses 3.1 beverages 3.2 food 3.3 packaging 3.4 properties 3.5 subordinate companies 4 investments 2008 present 4.1 fuel & oil 4.2 power generation 4.3 infrastructure 4.4 others 5 basketball teams 5.1 in the manila industrial and commercial athletic association 5.2 in the philippine basketball association 5.3 in the philippine basketball league 5.4 in the asean basketball league 6 see also 7 references 8 external links history edit san miguel s old manila brewery . in 1889 a well known manila businessman don enrique mar a barretto de ycaza y esteban applied for a royal grant from spain to establish a brewery in the philippines . he was awarded the grant for a period of twenty years . on september 29 1890 michaelmas or the feast day of saint michael the archangel la f brica de cerveza de san miguel was declared open for business . located at 6 calzada de malaca ang later called calle avil s the brewery took its name from its neighbourhood the arrabal suburb or district of san miguel . the facility had two sections one devoted to the production of ice with a daily capacity of 5 tonnes and the other to beer production . the brewery was the first in southeast asia using the most modern equipment and facilities of the day . with 70 employees the plant produced 3 600 hectolitres about 47 000 cases of lager beer during the first year and subsequently produced other types of beer notably cerveza negra eagle extra stout and doble bock . early success led to the expansion of the business and barretto decided to incorporate his brewery . on 6 june 1893 the company was incorporated and registered with a capital of p180 000 . those forming the corporation were don pedro pablo r xas y castro don gonzalo tuas n y pati o don vicente d. fern ndez y castro don albino goyenechea benito legarda y tu son the heirs of don mariano buenaventura y chuidan and barretto . r xas was soon appointed manager playing a prominent role in the development of the firm . he was the active member of the firm until 1896 when he left for europe . prior to his departure he acquired barretto s shares in the company worth p42 000 . after barretto retired in may of the same year r xas through his attorneys acquired the rest of barretto s stake in the business . in 1895 san miguel beer won its first of many awards as a product of the highest quality at the exposici n regional de filipinas . by 1896 san miguel beer was outselling by more than five to one all imported beers in the country . the 1900s ushered in a period of prosperity after the philippine revolution and the beginning of the american occupation . demand for beer increased and for san miguel still under r xas leadership modernization of their operations included installation of electric conveyors and automatic machines with the brewery s equipment modernised by 1910 . by 1913 imported beer represented only 12 % of the total consumption in the philippines ; san miguel held an 88 % share of the industry . r xas died in paris france in 1913 . he had died soon after don benito legarda and don gonzalo tuas n made it advisable to change the form of the company from a firm of co participants to a corporation san miguel brewery inc. . r xas s son don antonio r xas y de ayala was appointed president with don enrique br as y de coya and don ram n j. fern ndez as managers . by 1914 san miguel had branched out into the exporting business and its products had found ready markets in such neighbouring ports as hong kong shanghai and guam . when the first world war broke out exports came to a temporary halt due to difficulties such as shortage of raw materials and the consequent rise in manufacturing costs . it was not until prohibition was repealed in the united states that san miguel was able to resume exports to guam and later to honolulu territory of hawaii . by the end of 1914 don enrique br as y de coya after seeing that his efforts and industry had resulted in a progressive and prosperous business retired from active business life in favour of his son don antonio br as y r xas . in 1918 don antonio r xas y de ayala resigned from his position as president . andr s soriano sr. 1918 to 1964 edit an ad that appeared in the jan. 17 1924 edition of the manila based spanish language satirical magazine aray . andr s soriano y r xas nephew of don antonio r xas y de ayala and grandson of don pedro pablo r xas first joined san miguel as a clerk in the accounting department . in 1918 after the resignation of don antonio roxas y de ayala don ram n j. fern ndez assumed the presidency and soriano was made acting manager . in 1923 soriano was appointed manager and together with don antonio br as y roxas managed the house of san miguel with constantly increasing success . diversification into new lines of business began in the 1920s . the company opened in 1922 the royal soft drinks plant in manila producing royal tru orange other royal products and aerated water . in 1919 the company acquired the oriental brewery and ice co. transformed the building into an ice plant and cold storage ; later the royal soft drinks plant . five years later the plant started bottling coca cola after the company secured the rights to bottle and distribute the product in the philippines . in 1925 san miguel went into the ice cream business with the purchase of the magnolia plant on calle avil s which was transferred a year later to a new site on calle echague now c. palanca sr. street in quiapo district manila . the new site used to house the f brica de hielo de manila which was bought by san miguel in 1924 . to achieve greater self sufficiency in its operations the firm opened a new plant in 1930 to produce carbon dioxide for its soft drinks products and dry ice for the refrigeration needs of its ice cream products . in 1932 a plant was set up to produce compressed yeast for bakeries and medical use . the following year the company leased from the government the site for insular ice and cold storage for a period of ten years . during the 1930s san miguel began investing in businesses overseas . the company set up a short lived dairy business in calcutta india and singapore cold storage creameries singapore and invested in breweries in the united states a stake in the george muehlebach brewing company and majority holdings in the lone star brewing company located in san antonio texas . in 1939 the management of the company was reorganized along the lines of american corporations . san miguel s management team was made up of the board of directors president vice president treasurer and nine directors and the executive officers of the corporation . don ram n j. fern ndez was elected president of the board of directors and don antonio roxas y gargollo son of don antonio roxas y de ayala was elected vice president . don andres soriano y r xas was elected president of the corporation with don antonio brias y roxas as vice president . don eduardo roxas another son of don antonio r. r xas and don jacobo z bel de ayala y r xas were appointed directors . expanding and modernising the company however meant diluting family control . san miguel was the first filipino company to be owned by thousands of shareholders . to retain control soriano relied on alliances with his relatives the roxases and the zobel de ayalas and associates . before world war ii broke out san miguel built a glass factory in paco and the cebu royal plant its first installation outside luzon . when the war reached the philippines soriano was commissioned as a colonel and served as an aide to general douglas macarthur . one of the first filipino brewmasters was dominador san diego santos a chemist from obando bulacan . 5 after the war san miguel rebuilt and mounted a large scale expansion program . the company acquired and modernized a second brewery in polo bulac n now part of valenzuela city in 1947 . two years later five other plants were opened the manila glass plant in farola a carbon dioxide plant in otis a carton plant the ilo lo coca cola plant and the farola power plant . exports of san miguel pale pilsen resumed . new soft drink plants followed in davao and naga . in 1953 soriano signed the manila agreement which allowed the spanish beer brewing subsidiary la segarra s.a. to brew and sell beer under the san miguel brand . this company renamed as san miguel f bricas de cerveza y malta now mahou san miguel group in 1957 was a separate independent company that had exclusive rights to use the san miguel brand in europe . 6 andr s soriano jr. 1964 1984 edit in 1964 the company s name was changed to san miguel corporation and it moved to a new head office along ayala avenue in makati . andr s soriano sr. died on december 30 1964 . at the time of his death soriano had parlayed his family s vast san miguel fortune into mining dairies factories a newspaper and a radio station . he had investments in philippine airlines held the largest coca cola franchise and owned five