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Singapore Investment


 CARLSBG 2836 CARLSBERG BREWERY MALAYSIA BERHAD to upgrade Shah Alam brewery in largest investment in 30 years

Carlsberg celebrates its 175th birthday globally.

KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd has set aside a capital expenditure (capex) of RM110 million to upgrade its brewery in Shah Alam, Selangor, its largest investment in 30 years.

The company said it was confident about the growth opportunities in Malaysia with the new investment reflecting its long-term commitment to invest here.

"This investment is set to modernise its production facilities to deliver higher efficiency and enable greater flexibility in packaging options as well as sustainability performance in energy, water and waste management," it said in a statement.

Carlsberg Group chief executive officer Cees 't Hart said Malaysia was one of the key growth drivers in Asia for the group.

Hart said the second half of the year posed three main challenges for the group. They were the uncertainties of Covid-19, impact from the war in Ukraine and the growing global inflation.

"Carlsberg Malaysia is agile, resilient and safely navigated the storm and emerged stronger than ever, throughout the pandemic.

"I have full confidence that, together with our customers, partners and employees, Carlsberg Malaysia will continue to brew for a better today and tomorrow," said Hart, making his first visit in Asia after the travel restrictions were lifted in Malaysia.

"Year 2022 is probably the most memorable year for the employees and friends of Carlsberg Malaysia as one of the leading brewers in the world – Carlsberg celebrates its 175th birthday globally," the company said.

To commemorate this milestone, Hart visited the Malaysia operations to also celebrate the 50th anniversary of the first Carlsberg Danish Pilsner manufactured locally in the Shah Alam brewery.

Carlsberg Malaysia is the first brewery built outside Copenhagen, Denmark.

Evolving from a global flagship brand to "Probably The Best Beer in the World – Carlsberg Danish Pilsner", the operations in Malaysia has also innovated its brew and drinking experience.

Reiterating its commitment to deliver probably the best drinking experience, the brewer said it had also refreshed the identity and upgraded the packaging of both Carlsberg Danish Pilsner and Carlsberg Smooth Draught in 2019 and 2021 respectively.

While it has been tough for Carlsberg Malaysia, given that the brewer's operations were suspended for 122 days due to the Cpvid-19 lockdowns in 2020 and 2021, it recognises and acknowledges that its people are the backbone of its success.

"In leading with care and building a diverse and inclusive culture, the brewer had placed great emphasis on safeguarding its people and the development of its talents.

Carlsberg Malaysia remains as a counter of note within FTSE Russell's FTSE4GOOD Bursa Malaysia (F4GBM) Index and achieved a Morgan Stanley Capital International (MSCI) ESG ratings of "AA".


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