San Miguel sells off portion of packaging business to JV partner

Nihon Yamamura Glass (NYG) is buying a 35 percent stake in San Miguel Corporation’s (SMC) domestic and international packaging operations. This minority interest allows the Japanese manufacturer of glass and plastics packaging to branch out into other packaging formats like metal, metal closure, carton, plastics and composites.

San Miguel Corporation (SMC) and Nihon Yamamura Glass (NYG) are longtime joint-venture partners in the Philippines, owning and operating the country’s largest glass plant, San Miguel Yamamura Asia, as well as San Miguel Yamamura Fuso Molds; in addition to a glass plant in Vietnam. Apart from Vietnam and the Philippines, NYG also has presence in China and Taiwan.

The companies seem content to continue their association. Ramon S. Ang, SMC president and chief operating officer said that San Miguel was excited to expand its partnership with NYG: “The resulting joint venture will combine the potentials of San Miguel’s diversified packaging business with NYG’s cutting-edge research and technology. NYG is a very strong partner.”