abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

The content is also available in the following languages: 日本語


14 Feb 2022

AFP, Channels News Asia

Japan's Kirin brewery to withdraw from Myanmar

14 February 2022

Japanese drinks giant Kirin said Monday (Feb 14) it will withdraw from Myanmar, after a failed bid to disentangle its operations from a joint venture with a junta-owned company after last year's coup.


Kirin said its decision comes after months of wrangling following the coup last February, which prompted the company to express concerns about human rights and eventually seek to end its joint venture Myanmar Brewery Limited.

Kirin has decided "to withdraw from the business in Myanmar in order to urgently terminate its joint venture partnership" with military-linked MEHPCL, the company said in a statement.

[...] Kirin said it had taken "every measure to find a way forward that would allow it to continue to contribute to Myanmar's economy and society".

That included filing for arbitration in Singapore in a bid to end the joint venture and proceed without the military-linked partner.

"In the end, Kirin Holdings determined that it would be difficult to quickly terminate the joint venture in the manner it desires," the company added in a statement.

"Therefore, Kirin Holdings has now commenced and is proceeding with discussions with MEHPCL in order to withdraw from the business in Myanmar, giving top priority to the termination of the joint venture as soon as possible."

A junta spokesperson did not immediately respond to a request for comment.

Part of the following timelines

Myanmar: Kirin withdraws from Myanmar after allegations that subsidiaries have business ties with Myanmar's military conglomerate; co. responds to NGO's criticism of being "irresponsible"

Myanmar: Groups call on more companies allegedly linked to military to sever ties