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Thai Beverage, better known as ThaiBev (Thai: ??????) (SGX: Y92), is Thailand's largest and one of Southeast Asia's largest beverage companies, with distilleries in Thailand, Scotland, and China. Listed on the Singapore Stock Exchange, Thai Beverage Plc has a market capitalization in excess of US$4 billion.
In January 2013, the firm announced it had succeeded in a US$11.2 billion deal to take over the conglomerate Fraser and Neave, adding to the group's portfolio of assets.
ThaiBev brews Chang (or Chang Beer) (Thai: ??????????), a pale lager. "Chang" (Thai: ????) is the Thai word for elephant, an animal of cultural and historical significance in Thailand. The logo depicts two elephants face-to-face. In 2006, the company launched Chang Light, 4.2 percent ABV and Chang Draught in bottles at five percent ABV. They were discontinued in 2015.[citation needed]
In 2015 ThaiBev consolidated all Chang brands into Chang Classic. ThaiBev stopped production of Chang Light, Chang Draught, and Chang Export. Production of Chang Classic is shared between ThaiBev's three breweries. The recipe was changed to include rice, previously only used in the domestic 6.4 percent version. Its ABV in Thailand is 5.2.
Thai Beverage, better known as ThaiBev (Thai: ??????) (SGX: Y92), is Thailand's largest and one of Southeast Asia's largest beverage companies, with distilleries in Thailand, Scotland, and China. Listed on the Singapore Stock Exchange, Thai Beverage Plc has a market capitalization in excess of US$4 billion.
In January 2013, the firm announced it had succeeded in a US$11.2 billion deal to take over the conglomerate Fraser and Neave, adding to the group's portfolio of assets.
ThaiBev brews Chang (or Chang Beer) (Thai: ??????????), a pale lager. "Chang" (Thai: ????) is the Thai word for elephant, an animal of cultural and historical significance in Thailand. The logo depicts two elephants face-to-face. In 2006, the company launched Chang Light, 4.2 percent ABV and Chang Draught in bottles at five percent ABV. They were discontinued in 2015.[citation needed]
In 2015 ThaiBev consolidated all Chang brands into Chang Classic. ThaiBev stopped production of Chang Light, Chang Draught, and Chang Export. Production of Chang Classic is shared between ThaiBev's three breweries. The recipe was changed to include rice, previously only used in the domestic 6.4 percent version. Its ABV in Thailand is 5.2.
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