Asia Brewery Inc., the Philippines’ second-largest beer maker, accused market leader San Miguel Corp. of hoarding about 2 million of its bottles to try to drive it out of business.
San Miguel acknowledged the cache at its brewery complex north of Manila but said there were far fewer bottles and they were left over from an earlier bottle-swapping arrangement.
Asia Brewery’s charges are the latest in a long-running feud between the country’s leading brewers.
“This is a continuation of (San Miguel’s) pursuit to destroy and annihilate Asia Brewery,” company president Guillermo Pecache contended at a news conference Monday.
He said the hoarding led to shortages of bottles and plastic cases and drove up production costs at Asia Brewery.
Asia Brewery has about a 20 percent share of the Philippine beer market.
The company accused San Miguel of unfair trade practices in a Manila civil court last Wednesday and sought damages of more than 100 million pesos.
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