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Coca-Cola to set up factory in Myanmar

Published on Sunday, 06 January 2013 01:22 5 Tw eet 3

BUSINESS LATEST NEWS

Myanmar to host trade conference with US Coca-Cola to set up factory in Myanmar Myanmar to hold forum on industrial zone and housing development Myanmar's first foreign exchange service launched by non-financial firm Chinese products dominating Myanmars telecommunications, upshot of restriction Shwe Taung, IGE to build two low-cost housing projects Vietnam to farm prawns in Myanmar Myanmar Airways International to fly local Trading cards to be issued to boost MyanmarBangladesh border trade Myanmar suspends rice export amidst price fall

Coca-Cola billboard seen in Y angon T he My anm ar Inv estm ent Com m ission (MIC) on Decem ber 28 gav e Coca-Cola Com pany perm ission to construct a factory in the country . The American multinational bev erage corporation will operate its business under the registered name Cola Piny a Bev erages My anmar Ltd as a joint v enture with the local Piny a Manufacturing Co Ltd. MIC has permitted the company to manufacture non-alcoholic bev erages and purified drinking water. For the first time in more than 60 y ears, Coca-Cola Company has deliv ered the Coca-Cola drink to local customers in Y angon. Production will take place at four factories in Y angon, including the new one in the suburban area of the business capital. The inv estment procedures of the company will be in accordance with the new My anmar Foreign Inv estment Law. The amount of inv estment has not been publicised. Piny as 1 0-product line is marketed under the brand name Max . Most of the company s ingredients are imported from Germany and the United States. The company has 1 3 distribution branches throughout the country .

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