Joint venture between Loi Hein and Osotspa Public Company Limited (OSP) opened a new Myanmar beverage production facility in Thilawa Special Economic Zone

Osotspa Public Company Limited (OSP), a Thailand-based consumer products manufacturer and distributor, and Loi Hein Co., Ltd., Myanmar’s largest drinking water and beverage business, recently held a groundbreaking ceremony for the construction of a new beverage production facility located in the Thilawa Special Economic Zone in Yangon.

The new beverage production facility is located on approximately 132,800 square meters of land in the Thilawa Special Economic Zone (Zone B). It will be operated by Osotspa Myanmar Co., Ltd., a joint venture in which Osotspa PCL holds an 85% share and Loi Hein Co., Ltd. holds a 15% share. The project represents a total investment of 2,400 million baht funded by the proceeds received from Osotspa’s initial public offering (IPO) which took place in October. Construction of the new plant is expected to be completed and ready for operations in the fourth quarter of 2019. It will produce drinks for distribution in Myanmar.

Mrs. Wannipa Bhakdibutr, President of Osotspa Public Company Limited, said, “Osotspa has a strong vision and a focused strategy to expand our investments in Southeast Asia, particularly in major markets we view as having strong growth potential, including Myanmar, Laos, Cambodia, Vietnam, and Indonesia. Our move into Myanmar is based on the tremendous momentum in the country’s retail sector, which is showing strong annual growth. As a result, Osotspa and Loi Hein Co., Ltd., our business partner in Myanmar, are jointly building a new beverage production facility to support our business expansion and meet the needs of customers in the country. This is our first production facility in Myanmar and will contribute to significant growth, allowing us to achieve our goal of being the leader in the energy drinks market in Southeast Asia.”

Osotspa was established in 1891 and listed on the Stock Exchange of Thailand (SET) in October 2018. Being in business over multiple decades, Osotspa has continued to deliver a wide range of products, included among beverages they produce to personal care products including baby care and women’s beauty care products. Apart from domestic manufacturing and distribution, the company also distributes their beverage products in 25 countries.

(Myanmar Business Today: https://www.mmbiztoday.com/articles/osotspa-public-company-limited-open-myanmar-beverage-production-facility )

​