- Business
- Thai Beverage Public Company Limited produces and distributes alcoholic and non-alcoholic beverages along with food products across Thailand, Vietnam, Malaysia, Myanmar, Singapore, and other international markets. The company operates through Spirits, Beer, Non-Alcoholic Beverages, Food, and Others segments; its core offerings encompass spirits such as brown spirits including SangSom rum, Mekhong rum, Mungkorn Thong, Hong Thong, and white spirits like Ruang Khao; beers encompassing flagship Chang beer (including Chang Classic at 4.8% ABV), Archa, Federbrau, and brands from its Sabeco subsidiary such as Saigon Beer and 333; non-alcoholic beverages including Oishi green tea, Est cola, carbonated soft drinks, functional drinks, herbal teas, energy drinks, ready-to-drink juices, UHT milk, yogurt, and ice cream; and food products like chilled and frozen items, confectionery, and processed foods. Additional services include trading of molasses, fertilizers, and feeds; transportation, logistics, and distribution; retail of food, beverages, and tobacco through restaurants and bakeries; production of biogas, metal and plastic packaging, and beer concentrates; property development and rental; e-commerce; asset management; and digital technology services. Thai Beverage maintains 31 distilleries and spirits plants, 29 breweries, and 31 non-alcoholic beverage facilities primarily in Thailand, with further operations including five distilleries in Scotland for Scotch whisky, vodka, gin, and liqueurs, as well as facilities in Vietnam and China; it targets consumer markets in Southeast Asia and exports globally. Founded in 2003 through the consolidation of 58 beer and spirits businesses and headquartered at 14 Vibhavadi Rangsit Road, Chomphon, Chatuchak, Bangkok, Thailand, the company lists on the Singapore Exchange (SGX: Y92) as Thailand's Stock Exchange prohibits alcohol-related listings. In September 2024, its indirect subsidiary InterBev Investment Limited completed a share swap transaction valued at approximately SGD 2.1 billion with TCC Assets Limited, increasing its stake in Fraser and Neave Limited from 28.31% to 69.64% and establishing Thai Beverage as the holding company of F&N; the company also pursues expansion with an allocation of 18 billion baht in 2024 for domestic and international growth, including small mergers and acquisitions in beer operations, while reviving plans for an initial public offering of its beer business and exploring regional equity partnerships under majority control.