Dutch brewer Heineken’s first beer factory in Myanmar will go into operation by the end of 2014, its local partner said.
APB Alliance Brewery Co, a joint venture between Asia Pacific Breweries Ltd (APB) and local Alliance Brewery Co Ltd (ABC), was given the go ahead to establish a brewery by the Directorate of Investment and Company Administration on July 25.
Netherlands-based Heineken in May said that it will enter Myanmar through its subsidiary APB, which holds 57 percent of the $60-million joint venture. Heineken owns 95.3 percent stake in APB, Heineken’s joint venture with Fraser and Neave (F&N).
Heineken beer factory will be located in Hmawbi township in Yangon region.
