Nestlé products to be made in Myanmar

Nestle will partner with Myanmar Distribution Group (MDG) to distribute its made-in-Myanmar products by the end of 2016, according to company officials. The Swiss giant plans to start working on its factory in Dagon Seikkan Industrial Zone within two months, pending approval of the venture by the Myanmar Investment Commission, said U Aung Maw Thein, […]

Swiss giant Nestlé moves into food and beverage production

Swiss food manufacturer Nestlé SA has confirmed that it is preparing to invest around US$50 million in Myanmar’s food and beverage industry over the next six years, in the latest sign yet of the Myanmar consumer market’s attractiveness to international firms. A statement from the President’s Office issued on September 8 said that the investment […]

Gubelin Gem Lab eyes ‘Ruby Land’

Gubelin Gem Lab, a Swiss company that has a regional office in Hong Kong, sent foreign gemologists to Mogok, known as “Ruby Land”, in early July to test gemstones in the area, which has previously been off-limits to foreigners. “After the government allowed foreigners into Mogok in April we received permission for our technicians to […]