Another Exciting Chapter in Expanding Our Southeast Asian Footprint

Swire Coca-Cola Limited successfully completed all transactions on 30th September 2024 to become the majority shareholder of ThaiNamthip Corporation Limited (TNTC). This key milestone marks Swire Coca-Cola’s continued expansion in Southeast Asia, particularly to Thailand and Laos.

Southeast Asia, one of the fastest-growing regions in the world and the third-largest economic zone in Asia, offers immense potential. By incorporating the franchise territories of TNTC, our consumer population will soar by nearly 80 million people, bringing Swire Coca-Cola's reach close to 200 million people across Southeast Asia and 956 million globally.

Karen So, Managing Director of Swire Coca-Cola, said, "We are thrilled to have completed the acquisition to become the majority shareholder of TNTC. Together, we will advance our strategic vision to drive growth across Thailand and Laos with an unwavering commitment to sustainability. We firmly believe that harnessing the strengths of our diverse partners and capitalising on the synergies across all our operating regions will create exciting opportunities to amplify Swire Coca-Cola's leadership with world-class capabilities in the NARTD (Non-alcoholic ready-to-drink) sector."

Celebrating our new collaboration
In early October, employees at TNTC and Lao Coca-Cola Bottling Corporation Limited celebrated this significant milestone during a townhall meeting. Nearly 3,000 colleagues attended the event, joining us on-site in Bangkok and online to mark this special occasion.

"This is a proud moment for us as one in the Coca-Cola system," said Hunter Jin, CEO of SEAHKT Operations at Swire Coca-Cola. "I want to welcome our 8,400 new colleagues into the Swire Coca-Cola family. I look forward to collaborating to find refreshing new ways to delight our consumers, serve our communities, and do good for the planet."

Ignace Corthouts, President of ThaiNamthip Corporation Limited, added, "We are looking forward to being part of Swire Coca-Cola! As we combine our strengths and capabilities, we can tap into new opportunities together."

With TNTC joining the Swire Coca-Cola family, we will further consolidate our position as one of the leading bottling groups in the Coca-Cola system, and will continue to deliver refreshment to the communities we call home.