Carlsberg Group Forms New Joint Venture in Myanmar
Carlsberg Group has signed a strategic partnership agreement with a local privately-owned leading beverage company, Myanmar Golden Star (MGS) Breweries, to brew and market Carlsberg beers in Myanmar. The new joint venture – Myanmar Carlsberg Co. – plans to set up a newgreenfield brewery and distribute Carlsberg beers in the local market. The joint venture is 51% owned by Carlsberg.
“We have followed the developments in Myanmar closely and are encouraged by the recent political developments in the country. We believe that the timing is right for us to invest in the country. We expect that the Myanmar beer market will grow strongly in coming years as the economy expands. MGS Breweries is one of the leading soft drinks producers in Myanmar and a partner we have known for many years. This partnership is a pivotal development in expanding our presence in the country,” says Roy Bagattini, Sr. Vice President of Carlsberg Asia Region.
MGS Breweries is a subsidiary of Myanmar Golden Star (MGS), a leading and well-established company in Myanmar with diverse businesses and operations such as food, alcoholic and non-alcoholic beverages, banking, medical services, farming, agricultural and natural resources, mining, aviation, telecommunications, consumer electronics trading and distribution, retail business, hotel and real estate, foundation, and media advertising.
Indochina is an important growth region for Carlsberg in Asia. The global brewer enjoys leading positions in Laos and Cambodia and holds a strong presence in Vietnam. In Thailand it recently established a collaboration agreement with the leading brewery group, Singha Corporation.
