Philippine food and drink group San Miguel Corp, has unveiled plans for its glass packaging joint venture with Nihon Yamamura Glass Co, that will involve the spending of as much as 1,100M Pesos to boost the capacity of its production facility. San Miguel Yamamura Asia Corp will develop a fourth line for its bottle-forming facility located in Cavite province, south of Manila, at an estimated cost of PHP400M. The additional line will boost the daily glass container output of the company to 215 tonnes from 180 tonnes. The packaging company is also pursuing an equipment upgrade program to improve production and operating efficiencies. The upgrade is estimated to cost between PHP600-700M. San Miguel Yamamura posted a 7% on-year rise in revenue to PHP249M in the Jan-March period/03. Its operating income for the same period reached PHP81M.
