Osotspa targets Myanmar market

This is part of the company’s expansion strategy in Southeast Asia and to increase revenue from international markets.
Wannipa Bhakdibutr, president of Osotspa Plc, said that Osotspa has a strong vision and a focused strategy to expand its investments in Southeast Asia, particularly in major markets that it views 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,” said Wannipa. “As a result, Osotspa and Loi Hein Co Ltd, are jointly building a new beverage production facility to support our business expansion and meet the needs of customers in the country.” This is the company’s first production facility in Myanmar and expects to contribute to significant growth. “We believe it will allow us to achieve our goal of being the leader in the energy drinks market in Southeast Asiam” Wannipa said.
The new beverage production facility is located on 83 rai (approximately 132,800 square metres) 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 per cent share and Loi Hein Co Ltd holds a 15 per cent share. 
The project represents a total investment of Bt2.4 billion, funded by the proceeds received from Osotspa’s initial public offering, which took place in October. Construction of the new plant is expected to be completed and ready for operation in the fourth quarter of 2019, producing Osotspa drinks for distribution in Myanmar.