Industry News       English French Dutch Spanish German Russian Italian Portuguese Portuguese Danish Greek Romanian Ukrainean Chinese Polish Korean
Logo Slogan_English


CASTLE MALTING NEWS in partnership with www.e-malt.com
16 January, 2023



Brewing news Myanmar: ThaiBev reports fire incident at Yangon production facility

ThaiBev, on January 15, reported a fire incident that took place at Grand Royal Group International’s production facility in Yangon, Myanmar.

The group has an indirect 75% stake in Grand Royal Group.

According to ThaiBev, the fire occurred in the afternoon on January 13 and it was “successfully put out” in the early hours of Jan 14. No lives were lost.

The fire happened in the facility’s raw material storage area and was confined to the area. The fire is believed to be an accident although it has been subject to an investigation and assessment.

“Grand Royal Group’s management team is already taking immediate steps to procure replacements of the relevant raw materials in preparation to resume its blending and bottling operations in Yangon within February 2023,” says ThaiBev in its statement.

“The operations in the Mandalay facility remain unaffected. Grand Royal Group does not anticipate any shortage of finished products in the Myanmar market, as Grand Royal Group and its distributors hold sufficient inventory,” it adds.

The incident is not expected to affect ThaiBev materially for the FY2023.

Shares in ThaiBev closed 1 cent lower or 1.4% down at 70.5 cents on January 13.





Back



E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .














We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.     Ok     No      Privacy Policy   





(libra 0.8516 sec.)