[Myanmar] Carlsberg To Open Burma Brewery

Danish brewer Carlsberg is returning to Burma following the easing of international sanctions which forced it out of the country in the mid-1990s. The world’s fourth-largest brewer said on Friday it had signed a deal with its former partner, privately-owned Burma Golden Star Breweries, to build a new brewery in the country. “There is no doubt that this will go fast,” said Carlsberg’s Chief Executive Jorgen Buhl Rasmussen. “With the change Burma has seen and will see, there is huge potential in this market.” The joint venture, in which Carlsberg will own 51 percent, will cost at least $50 million in the first couple of years. –Reuters