SINGAPORE (Sept 25): Fraser and Neave (F&N) has marked its return to Myanmar’s beer market, with the start of commercial operations at Emerald Brewery Myanmar.

F&N had exited the market back in 2015, when it sold a 55% stake in Myanmar Brewery to Japan’s Kirin Holdings for US$560 million, after fighting a two-year legal battle in Singapore with its partner Union of Myanma Economic Holdings (UMEHL), one of Myanmar’s two military-run conglomerates.

Now, a year after committing an investment of US$70 million ($96.5 million) and led by a leadership team with years of industry experience, operations at the state-of-the-art brewery, located in Hlegu Township, Yangon, has started brewing and marketing the award-winning Chang Lager Beer.

“F&N’s capital investment has been deployed to build a modern brewery which will...(click on link for full story on theedgesingapore.com)