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San Miguel in Folks with Toyota Tsusho |
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Written by Lorena
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Monday, 01 September 2008 |
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San Miguel Corp. is in talks with trading giant Toyota Tsusho Corp. on a possible joint acquisition of the Mariveles Grain Terminal (MGT) in Bataan Province.The grains terminal started operating in 1996, and is the first of its kind in the Philippines and one of the most advanced in Asia. Toyota Tsusho group is one of the biggest trading groups in the world. It is comprised of more than 350 subsidiaries and affiliated companies. The trading company is involved in sales of a broad range of products such as metals, machinery and electronics, automotive components, energy and chemicals, food stuff and consumer products. If the acquisition will be possible, this will boost logistics network, improve agribusiness operations and cut distribution costs. [via] |