January 31, 2008
Bangkok - Thai Beverage Plc (ThaiBev) signed an agreement with Australia-based Woolworths department store to launch Chang Beer in Australia.
ThaiBev’s profits rose to 21,320 million baht in the third quarter of 2007, a 4% increase from the same period of last year.
Its low-alcohol beer sales accounted for 35.4% of total beer sales.
However, the white spirit sales reflected decreasing demand of rural consumers last year.
Its pre-tax profit soared 2.9% to reach 15,422 million baht.
Thai Beverage Plc has recently signed an agreement with Woolworths department store to introduce Chang Beer to the Australian market through more than 1,000 Woolworths chain stores.
ThaiBev was established in October 2003 with initial registered capital of 20,000 million baht. Later in July 2005, the registered capital was increased to 29,000 million baht.
ThaiBev is also the leading producer of beer and spirits in Thailand and one of the leading brewer and distillers in Southeast Asia.
It is a holding company that controls over 84 companies. It possesses 17 distilleries in Thailand and 5 distilleries overseas with a production of 808 million liters (LOA) in Thailand and 8.1 million liters of alcohol overseas.
ThaiBev’s products include the Mekong whisky, Sang Som distilled liquor, Ruang Kao white spirit, etc.
