Invest in Myanmar - For Investors Seeking Opportunities in Myanmar
Invest Myanmar - The Myanmar Investment Gateway
General Information about Myanmar (1)
Business (131)
FDI in Myanmar (45)
Investments (59)
Macroeconomic Data (4)
Infrastructure (4)
Financial (17)
Economy (37)
Construction (1)
Politics (29)
Real Estate (1)
Investment Legislation (3)
Sports (1)
Telecommunications (27)
Law (14)
Infrastructure (20)
Education (2)
Banking (19)
Jewellery (1)
Stock Market (2)
Agriculture (35)
Real Estate (22)
Mining and Exploration (10)
Construction (29)
Energy (47)
Textile and Fashion (10)
Tourism (23)
Information Technology (11)
Food and Beverage (13)
Electronics (3)
Waste Management (1)
Automotive (9)
Logistics (4)
Renewable Energy (0)

Heineken beer to be produced in Myanmar by 2014

Date: 28/07/2013
Source: Eleven
Heineken beer to be produced in Myanmar by 2014

Heineken beer-maker APB Alliance Brewery Company said its first beer factory in Myanmar will be able to start operation by the end of next year.

Myanmar’s Directorate of Investment and Company Administration approved establishment of APB Alliance Brewery on July 25.

It is a joint venture between Asia Pacific Breweries Ltd (APB) and its local partner Alliance Brewery Co Ltd (ABC).

Netherlands-based Heineken announced its entry to Myanmar in May 13. Now, its APB holds 57 percent stake in the US$60 million worth joint venture.

Heineken beer factory will be located in Hmawbi Township in Yangon Region and it is expected to be operational towards the end of 2014.

World’s top beer-maker Heineken owns 95.3 percent stake in APB, which used to be a joint venture with Fraser and Neave (F&N) until 2012.

F&N has long time presence in Myanmar. Its joint venture called Myanmar Brewery Ltd is with the military-owned Union of Myanmar Economic Holding Ltd (UMEHL). On its establishment, F&N owned 55 percent share but the update share information is not known.

Heineken once penetrated Myanmar market in the past joining hands with Myanmar Brewery Ltd. Later in 1996, it withdrew from Myanmar on political grounds.

Topic: Business
Did You Know?
Myanmar is very rich in natural resources like petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, some marble, limestone, precious stones, natural gas and hydropower. ... More

Featured news story
Myanmar approves new foreign investments in garment sector
Myanmar approves new foreign investments in garment sector

Featured Video
New Chapter Begins for U.S. Relations With Myanmar - Invest video
New Chapter Begins for U.S. Relations With Myanmar

GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
Today on Invest Myanmar
Member Companies: 82
News Stories: 341
Myanmar Videos: 59
Interesting Facts: 29
Factsheets: 9
 © Copyrighted 2012 Invest All rights reserved.  

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

Crafted by Sofia Web Works®, makers of Pahraat Kasinot and Casinobonus på alla svenska online casinon an Invest Bulgaria company