The acquisition will increase Malee’s production base for emerging markets in Southeast Asia, helping to drive the proportion of the company’s foreign revenue, currently at 40 per cent, to 60 per cent over the next three years. “With this acquisition, we are taking 65-per-cent ownership of the company,” said senior vice president Opas Lopansri. The acquisition will increase Malee’s total production capacity to 630 million litres per year. It will help ensure competitive pricing, essential for success in the region’s emerging markets, and will bring wide distribution in Vietnam, setting Malee apart from its competitors. “We have joint ventures in the Philippines as Monde Malee Beverage Corp and in Indonesia as PT Kino Malee (Indonesia).

Source: The Nation Bangkok January 23, 2018 05:03 UTC