Subscribe & Follow
Trending
New Chinese cars are everywhere – but are they tough?Nicholas Pillay
Vicinity Media: How we use DOOH in our retail solutionSharné Daniels, Chanté Naidoo & Olav Westphal
Jobs
- Account Executive Cape Town
- Ops Admin and Key Accounts Muizenberg
- Customer Service (UK) Work from Home Nationwide
Heineken opens USD60m brewery in Myanmar
"Heineken has opened a 60-million dollar (53 million euro) brewery in Myanmar, which has a total capacity of 330,000 hectolitres per year and which will directly employ more than 200 local people," it said in a statement issued from Amsterdam.
"The new brewery's opening further expands Heineken's exposure to high growth markets," it added.
Myanmar is emerging from decades of isolation as a former junta-run nation, and has one of the largest populations in southeast Asia with more than 53-million people.
Heineken, quoting Asian Development Bank figures, said the country is now undergoing rapid urbanisation and a brisk expansion of its middle class consumer base.
Myanmar clocked up GDP growth of 7.7% for the 2014 year ending March this year, and was targeting further increase of 8.3% in the coming fiscal year, Heineken said.
"These strong economics and demographics helped drive $8.01 billion in foreign direct investment in 2015," it added.
The new brewery is located at Hmawbi township outside the capital Yangon and will brew Heineken beer for the market's premium segment as well as a new local brand called Regal Seven, a lager beer developed specially for the Myanmar market.
Valued at around 35-billion euros, Heineken is Europe's largest and the world's third-largest brewer after SABMiller and global number one InBev.
Heineken produces and sells more than 200 brands of beer and cider, and employs nearly 70,000 people around the world.
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za