Kirin terminates partnership with Myanmar brewery partly owned by military over coup

MYANMAR – Japanese drinks giant Kirin Holdings has announced its termination of a brewing partnership with Myanmar’s military after its generals overthrew the elected government in February, this year. Kirin owns a controlling stake in both Myanmar Brewery and Mandalay Brewery in partnership with Myanmar Economic Holdings Ltd (MEHL), a company controlled by the country’s military and that a UN investigation has found is overseen by coup leader Senior General Min Aung Hlaing. Kirin operations in Myanmar included the production of beer brands such as Kirin Lager – one of…

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Asia-focused delivery platform Foodpanda committed to Myanmar expansion despite of uncertainties

THAILAND – Asia-focused delivery platform Foodpanda has reiterated its plans to expand its grocery offerings in Myanmar, despite the uncertainty occasioned by a military coup. Speaking to reporters, Foodpanda Director of New Verticals Abhishek Sahay said that FoodPanda definitely has it in its plans to launch Pandamart in Myanmar, Laos, Cambodia and Japan this year Sahay however noted that the firm was monitoring the situation in Myanmar and that it would assess that before committing to a number of stores. A Pandamart is a small-scale warehouse purpose-built for grocery delivery…

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Kemin Food Technologies names DKSH its distributor in Asia’s emerging markets

SINGAPORE – Kemin Food Technologies, the food ingredient subsidiary of Kemin Industries, has has entered into a partnership with Diethelm Keller Siber Hegner (DKSH) to be the distributor of its food safety and shelf-life solutions in Vietnam, Myanmar and Cambodia. Kemin Food Technologies said that DKSH’s distribution services will strengthen its market synergies and provide a foundation to further expand its presence within Vietnam, Myanmar and Cambodia. By joining with DKSH, the food ingredients manufacturer hopes to optimize its distribution network and improve its service in these emerging countries. “Food…

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Fraser and Neave inaugurates Emerald Brewery Myanmar after US$70m investment

ASIA – Singapore based food and beverage company, Fraser and Neave (F&N) has made a return to the Myanmar beer market with the inauguration of the Emerald Brewery Myanmar Limited after investing US$70 million in the beer production joint venture. Emerald Brewery is a joint venture between F&N and local partners which the Singapore based firm had been running jointly until it exited the business in 2015 selling its stake to Japan’s Kirin Holdings. F&N has made a comeback. The company has established a greenfield brewery located in Hlegu Township…

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IFC invests US$3m in agri-logistics group to expand services in Myanmar

ASIA – The International Finance Corporation, IFC has provided US$3 million loan facility to SLCM Limited, a Delhi-based agri­ logistics group to expand its warehousing services in Myanmar. According to IFC, the credit facility will help the company expand its warehousing services and allied services in the Southeast Asian nation while improving farmers’ livelihoods by reducing post-harvest losses. The agency also hopes to help farmers store higher volumes and reduce post-harvest losses caused by infestation, excess humidity and inadequate storage. IFC will provide the loan to SLCM through its own…

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IFC partners with Myanmar Rice Federation to boost growth in rice industry

ASIA – The International Finance Corporation (IFC), a member of the World Bank Group and Myanmar Rice Federation (MRF) have signed a memorandum of understanding to support sustainable growth of Myanmar’s rice industry. The partnership made by a collaboration with Australia, United Kingdom and Japan aims to accelerate changes in the industry through development, improvement, and promotion of milled rice standards and paddy grading system. In the long-run, IFC said the joint efforts will lead to improved rice production, increased export volumes, and better livelihoods for millions of farmers. IFC…

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Nestle Myanmar imports to reduce by 50% once new factory opens

MYANMAR – Imports of Nestle products to Myanmar would be reduced to 50% next year when the firm’s recently opened factory in Dagon Seikkan Township of Yangon reaches full production. Hayri Devrim Cobek, managing director of Nestle Myanmar, said all the Nestle products in Myanmar have been from other Asian countries until this year, but its factory plans to produce half of them next year. “We will continue to import half of our products from different countries. Thailand is obviously our main supplier right now, but we are also importing…

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Thai Beverage buys stake in Myanmar Distillery Company

MYANMAR – Thai Beverage, the largest and one of Southeast Asia’s largest beverage companies, with distilleries in Thailand, has bought a 75% stake in Myanmar Distillery Company (MDC), the maker of Grand Royal whisky, for US$1 billion. According to Reuters, the Texan private equity firm, TPG had sold its 50% stake to ThaiBev for a reported value of US$494.4 million, a deal which included MDC’s supply chain business, in December 2015. As the Myanmar’s largest spirits company, MDC makes a range of other whiskies and gins at its sites in…

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