THAILAND: ThaiBev eyes soft drink opportunities

By just-drinks.com editorial team | 5 March 2008

Thai Beverage (ThaiBev) has said that it is looking at opportunities within the non-alcoholic drinks sector as a way to "exploit" its distribution network in Thailand.

The spirits producer and brewer said on Monday (3 March) that energy drinks and coffee brands can be distributed alongside its present portfolio of products, but added that it is currently at an "early stage for diversification".

ThaiBev director and executive vice-president Thapana Sirivadhanabhakdi said: "We have the financial muscle and distribution network to branch into a bigger product mix. We will continue to focus on what we do, the alcohol beverages, but we also want to exploit the opportunities that we have."

In January, the ThaiBev president Samut Hatthasing resigned and was replaced by Sirivadhanabhakdi in a temporary capacity. Specific reasons behind Hatthasing's decision were not disclosed.

Late last week, the Thai drinks producer, which owns the Beer Chang brand, posted a 3.3% lift in full-year net profit, which came in at THB10.38bn (US$486.7m).

Sectors: Beer & cider, Soft drinks, Spirits, Water

Companies: Thai Beverage