SYS-CON MEDIA Authors: Elizabeth White, Liz McMillan, Yeshim Deniz, Roger Strukhoff, Jason Bloomberg

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
Tapping into blockchain revolution early enough translates into a substantial business competitiveness advantage. Codete comprehensively develops custom, blockchain-based business solutions, founded on the most advanced cryptographic innovations, and striking a balance point between complexity of the technologies used in quickly-changing stack building, business impact, and cost-effectiveness. Codete researches and provides business consultancy in the field of single most thrilling innovative te...
Atmosera delivers modern cloud services that maximize the advantages of cloud-based infrastructures. Offering private, hybrid, and public cloud solutions, Atmosera works closely with customers to engineer, deploy, and operate cloud architectures with advanced services that deliver strategic business outcomes. Atmosera's expertise simplifies the process of cloud transformation and our 20+ years of experience managing complex IT environments provides our customers with the confidence and trust tha...
CloudEXPO has been the M&A capital for Cloud companies for more than a decade with memorable acquisition news stories which came out of CloudEXPO expo floor. DevOpsSUMMIT New York faculty member Greg Bledsoe shared his views on IBM's Red Hat acquisition live from NASDAQ floor. Acquisition news was announced during CloudEXPO New York which took place November 12-13, 2019 in New York City. Our Silicon Valley 2019 schedule will showcase 200 keynotes, sessions, general sessions, power panels, and...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
ShieldX's CEO and Founder, Ratinder Ahuja, believes that traditional security solutions are not designed to be effective in the cloud. The role of Data Loss Prevention must evolve in order to combat the challenges of changing infrastructure associated with modernized cloud environments. Ratinder will call out the notion that security processes and controls must be equally dynamic and able to adapt for the cloud. Utilizing four key factors of automation, enterprises can remediate issues and impro...
Intel is an American multinational corporation and technology company headquartered in Santa Clara, California, in the Silicon Valley. It is the world's second largest and second highest valued semiconductor chip maker based on revenue after being overtaken by Samsung, and is the inventor of the x86 series of microprocessors, the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactu...
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...
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...
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential. DevOpsSUMMIT at CloudEXPO expands the DevOps community, enable a wide sharing of knowledge, and educate delegates and technology providers alike.
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...
Industry after industry is under siege as companies embrace digital transformation (DX) to disrupt existing business models and disintermediate their competitor’s customer relationships. But what do we mean by “Digital Transformation”? The coupling of granular, real-time data (e.g., smartphones, connected devices, smart appliances, wearables, mobile commerce, video surveillance) with modern technologies (e.g., cloud native apps, big data architectures, hyper-converged technologies, artificial in...
OpsRamp is an enterprise IT operation platform provided by US-based OpsRamp, Inc. It provides SaaS services through support for increasingly complex cloud and hybrid computing environments from system operation to service management. The OpsRamp platform is a SaaS-based, multi-tenant solution that enables enterprise IT organizations and cloud service providers like JBS the flexibility and control they need to manage and monitor today's hybrid, multi-cloud infrastructure, applications, and wor...
CloudEXPO has been the M&A capital for Cloud companies for more than a decade with memorable acquisition news stories which came out of CloudEXPO expo floor. DevOpsSUMMIT New York faculty member Greg Bledsoe shared his views on IBM's Red Hat acquisition live from NASDAQ floor. Acquisition news was announced during CloudEXPO New York which took place November 12-13, 2019 in New York City.
The Master of Science in Artificial Intelligence (MSAI) provides a comprehensive framework of theory and practice in the emerging field of AI. The program delivers the foundational knowledge needed to explore both key contextual areas and complex technical applications of AI systems. Curriculum incorporates elements of data science, robotics, and machine learning-enabling you to pursue a holistic and interdisciplinary course of study while preparing for a position in AI research, operations, ...
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...