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Current Position:Home » News » Beverages & Alcohol » Alcohol » Topic

Carlsberg still on Asian expansion plan

Zoom in font  Zoom out font Published: 2013-02-05  Authour: News Editor  Views: 69
Core Tip: The Carlsberg company has signed a joint venture deal to take its beverages to Myanmar.
The Carlsberg company has signed a joint venture deal to take its beverages to Myanmar.

Carlsberg has said it is time to brew and market its beers in Myanmar, which is likely to become Asia's newest marketplace.

The Danish brewer has been involved with a number of joint ventures in Asia, but is now making a stronger push as trade weakens in European countries.

18% of Carlsberg's sales in 2011 came from Asia where beer consumption is on the rise.

Carlsberg has offered the joint venture to Myanmar Golden Star Breweries, on condition it can control 51%.

Recent political developments in the country have convinced Carlsberg that the local economy will grow strongly in coming years as economic growth expands.


 
 
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