Business

Thai Berli Jucker plans acquisitions in Vietnam

BANGKOK, Feb 6 – Berli Jucker Pcl, a leading trading firm controlled by Thai billionaire Charoen Sirivadhanabhakdi, said today it planned to acquire a distribution centre in Vietnam as part of its expansion drive in Southeast Asia.

Berli also aimed for sales growth of 15 per cent this year, versus 20 per cent last year president Aswin Techajaroenvikul, Charoen’s son-in-law, told reporters.

Berli, which already has operations in Vietnam and Malaysia, told the stock exchange yesterday its subsidiary agreed to buy a stake in Ichiban Co, a maker of tofu in Vietnam for RM14 million.

Berli shares have risen 40 per cent in the past month, outperforming a 6 per cent gain on the broad index, on expectations the company would benefit from the takeover of Fraser and Neave Ltd by Charoen and his flagship Thai Beverage Pcl.

Berli is the largest glass bottle maker in Southeast Asia with annual capacity of 1.24 million tonnes. – Reuters

 

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