In December 2017, Fraser & Neave Limited (F&N) incorporated a new joint venture company called Emerald Brewery Myanmar to explore beer production in Myanmar. By November 2018, F&N further increased its ownership in the joint venture from 49% to 79.32%. This year, I decided to attend the 2019 F&N AGM to find out more about Emerald Brewery Myanmar and F&N’s overall business performance.
Here are eight things I learned from the 2019 F&N AGM:
1. F&N is working with its partner, Thai Beverage, to penetrate the beer market in Myanmar. Chang Beer, which is owned by Thai Beverage, is currently the second best-selling beer in Myanmar and is seeking to challenge Myanmar Brewery for the top spot in the local market.
2. CEO of F&N’s beer business, Edmond Neo, shared that Emerald Brewery Myanmar will be starting with a production capacity of five hundred thousand litres first to be
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