Fraser & Neave returns to Myanmar’s beer market

By FRONTIER

Singapore’s Fraser & Neave has gained approval from Myanmar’s investment commission to return to the country’s beer market, where it would compete against its former partner, military-owned Union of Myanma Economic Holdings Limited.

Emerald Brewery, a joint venture between F&N and an affiliate of Myanmar’s Shwe Than Lwin, received Myanmar Investment Commission approval on March 20 to manufacture and distribute beer.

Last December, the Singaporean conglomerate announced that its wholly owned subsidiary, F&N Investments, planned to “explore beer production in Myanmar” in partnership with Than Lwin Aye Yar Industrial Production & Construction Company.

Emerald Brewery Myanmar Ltd., was registered last December and is 49% owned by F&N Investments and 51% owned by Than Lwin Aye Yar.

It has been less than three years since F&N sold its 55 percent stake in Myanmar Brewery — Myanmar’s largest brewer — to Japan’s Kirin Holdings for US$560 million.

The August 2015 sale marked the end of a two-year legal battle in Singapore between F&N and its local partner, UMEHL, one of Myanmar’s two military-run conglomerates.

If its plans to build a brewery come to fruition, F&N would also compete in Myanmar against Dutch brewer Heineken and Denmark’s Carlsberg.

F&N did not immediately respond to a request for comment.

Share on facebook
Share on twitter
Share on email

More stories

Latest Issue

Stories in this issue
Myanmar enters 2021 with more friends than foes
The early delivery of vaccines is one of the many boons of the country’s geopolitics, but to really take advantage, Myanmar must bury the legacy of its isolationist past.
Will the Kayin BGF go quietly?
The Kayin State Border Guard Force has come under intense pressure from the Tatmadaw over its extensive, controversial business interests and there’s concern the ultimatum could trigger fresh hostilities in one of the country’s most war-torn areas.

Stay on top of Myanmar current affairs with our Daily Briefing and Media Monitor newsletters

Our fortnightly magazine is available in print, digital, or a combination beginning at $80 a year

Sign up for our Frontier Fridays newsletter. It’s a free weekly round-up featuring the most important events shaping Myanmar