SYS-CON MEDIA Authors: Zakia Bouachraoui, Liz McMillan, Carmen Gonzalez, Roger Strukhoff, David Linthicum

News Feed Item

Canadian SMEs to Gain from EDC's USD 50 M Financing for Southeast Asia's San Miguel Corporation

OTTAWA, ONTARIO -- (Marketwired) -- 09/24/14 -- Export Development Canada (EDC) today announced a previously signed USD 50 M financing transaction for Philippines-based San Miguel Corporation (SMC).

EDC is Canada's leading provider of financing and insurance for Canadian companies with sales or business in other countries.

SMC is a well-diversified conglomerate with leading market positions in the food, beverage, and packaging industry in the Philippines and Southeast Asia. In recent years, SMC has also become an industry leader in fuel, oil, and energy in the Philippines.

EDC's financing will be leveraged to create opportunities for Canadian companies, particularly small- and-medium-sized enterprises (SMEs), throughout Southeast Asia.

"The size and reach of San Miguel Corporation, in an area of the world with so much economic potential, presents enormous opportunities for Canadian SMEs," said Carl Burlock, Senior Vice-President, Financing and Investments, EDC.

"SMC has already shown a strong willingness to do business with Canadian companies," Burlock added. "Their major sectors of expertise match up well with what Canada already does very well, industries like food, beverages, packaging, fuel, oil, energy, infrastructure and telecommunications."

Some Canadian businesses have already benefitted from this relationship, securing deals with SMC for agricultural products and machinery, as well as manufacturing equipment.

"If you think your company might fit well into San Miguel's supply chain, or you'd like to learn about other international opportunities like this one, please give us a call, we'd love to hear from you," added Burlock.

SMC's total revenues of nearly USD 17 B in 2013 accounted for approximately 6.5 per cent of the Philippines' overall GDP. Last year, the company confirmed medium- and long-term investment plans for an estimated USD 35 B within its current business portfolio, making them the largest investor in the Philippines. SMC was also recently awarded one of seven Philippine government contracts under their Public-Private Partnerships program. The contract, valued at USD 541 M, is for the NAIA Expressway project. There are several more infrastructure projects in SMC's pipeline as well.

"We actively work with global partners in our fast expanding businesses," said Sergio Edeza, SMC's Senior Vice President and Head of Treasury. "Our relationship with EDC is a fairly new one and we hope they will be able to connect us with Canadian expertise and partners as we expand our operations in the region."

SMC has operations in several emerging markets, such as Hong Kong, Malaysia, Indonesia, Thailand and Vietnam. These markets demonstrate high potential for economic growth and represent areas where Canadian capabilities have the best chance for success, and all are considered priority markets by the Government of Canada under the Global Markets Action Plan.

Canadian companies with similar needs can call 1-888-434-8508.

About San Miguel Corporation

San Miguel Corporation is one of the Philippines' most diversified conglomerates, generating about 6.5 per cent of the country's gross domestic product through its highly integrated operations in food, beverages, packaging, fuel and oil, energy, and infrastructure.

About EDC

EDC is Canada's trade finance agency, providing financing and insurance solutions locally and around the world to help Canadian companies of any size respond to international business opportunities. As a profitable Crown corporation that operates on commercial principles, EDC works together with private- and public-sector financial institutions to create greater capacity for Canadian companies to engage in trade and investment.

For more information about how EDC can help your company, visit www.edc.ca

Contacts:
Media contacts:
Phil Taylor
Export Development Canada
(613) 598-2904
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Moroccanoil®, the global leader in oil-infused beauty, is thrilled to announce the NEW Moroccanoil Color Depositing Masks, a collection of dual-benefit hair masks that deposit pure pigments while providing the treatment benefits of a deep conditioning mask. The collection consists of seven curated shades for commitment-free, beautifully-colored hair that looks and feels healthy.
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
We all love the many benefits of natural plant oils, used as a deap treatment before shampooing, at home or at the beach, but is there an all-in-one solution for everyday intensive nutrition and modern styling?I am passionate about the benefits of natural extracts with tried-and-tested results, which I have used to develop my own brand (lemon for its acid ph, wheat germ for its fortifying action…). I wanted a product which combined caring and styling effects, and which could be used after shampo...
Steaz, the nation's top-selling organic and fair trade green-tea-based beverage company, announces its 2017 "Mind. Body. Soul." tour, which will bring authentic experiences inspired by the brand's signature Mind. Body. Soul. tagline to life across the country. The tour will inform, educate, inspire and entertain through events, digital activations and partner-curated experiences developed to support the three pillars of complete health and wellness.
The precious oil is extracted from the seeds of prickly pear cactus plant. After taking out the seeds from the fruits, they are adequately dried and then cold pressed to obtain the oil. Indeed, the prickly seed oil is quite expensive. Well, that is understandable when you consider the fact that the seeds are really tiny and each seed contain only about 5% of oil in it at most, plus the seeds are usually handpicked from the fruits. This means it will take tons of these seeds to produce just one b...
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
ScaleMP is presenting at CloudEXPO 2019, held June 24-26 in Santa Clara, and we’d love to see you there. At the conference, we’ll demonstrate how ScaleMP is solving one of the most vexing challenges for cloud — memory cost and limit of scale — and how our innovative vSMP MemoryONE solution provides affordable larger server memory for the private and public cloud. Please visit us at Booth No. 519 to connect with our experts and learn more about vSMP MemoryONE and how it is already serving some of...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
Platform9, the leader in SaaS-managed hybrid cloud, has announced it will present five sessions at four upcoming industry conferences in June: BCS in London, DevOpsCon in Berlin, HPE Discover and Cloud Computing Expo 2019.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
When you're operating multiple services in production, building out forensics tools such as monitoring and observability becomes essential. Unfortunately, it is a real challenge balancing priorities between building new features and tools to help pinpoint root causes. Linkerd provides many of the tools you need to tame the chaos of operating microservices in a cloud native world. Because Linkerd is a transparent proxy that runs alongside your application, there are no code changes required. I...