BAGO – Myanmar Carlsberg company is preparing to invest in Bago industrial zone, sources say.
Myanmar Carlsberg’s Finance and Business Planning Director Mr. Dheeraj Mishra met with Director General of Directorate of Investment and Companies Administration (DICA) Aung Naing Oo on December 18 to discuss about the required rules and regulations to make investment.
Myanmar Carlsberg company is a joint venture company of Carlsberg Group and MGS Breweries company registered in December 14, 2012. The joint venture company has been allowed by Myanmar Investment Commission (MIC) in accord with Foreign Investment Law to operate on February 26, 2013.
Myanmar Carlsberg is planning to import its products manufactured in Myanmar to EU market and planned to invest between US$ 35 million and US$50 million, sources from Carlsberg Group say.
The Carlsberg Group is founded in 1847 and its headquarters is located in Copenhagen, Denmark. It produces beer, soft drinks and soda and its products are distributed in US, Europe and Asia markets, sources say.
Source: ELEVEN Myanmar