SGX-listed F&N Invests $70m In Myanmar With Emerald Brewery Venture

Singapore-listed Fraser & Neave (F&N) has announced the commercial launch of operations at Emerald Brewery Myanmar Limited (Emerald Brewery) a year after it committed to invest $70 million in the beer production joint venture.

Emerald Brewery, a joint-venture between F&N and local partners, marks the comeback for the food and beverage firm to the Myanmar market. F&N exited the country in 2015 after selling its stake in Myanmar Brewery, run jointly with a military-owned company, to Japan’s Kirin Holdings.

F&N has established a greenfield brewery located in Hlegu Township in Yangon, to brew the Chang Lager brand.

Through Emerald Brewery, F&N will work with local communities in manufacturing and across the supply chain.

F&N board executive committee chairman Koh Poh Tiong said, “we are pleased to re-establish F&N’s presence in Myanmar’s beer market and our investment reflects the great potential we see in this fast-growing market. We have worked swiftly to build our new brewery, operations and business; and are confident that our two decades’ experience in Myanmar will propel our new venture forward.” 

The brewery has an annual beer production capacity of 500,000 hectolitres.

F&N CEO (beer) Edmond Neo said, “Together with our local partner and ThaiBev, our strategic partner, the opening of this world-class brewery brings us a step closer to this shared vision.”