Yangon, Myanmar: Coca-Cola has inaugurated a bottling plant in Myanmar, more than 60 years after its products were last bottled in the country. The facility is also the first to locally bottle the company’s products since the company re-entered Myanmar last year.
After the lifting of sanctions, The company became one of the first US companies to be awarded an investment permit under Myanmar’s new Foreign Investment Law. The inauguration of the is a demonstration of the company’s planned US$200 million investment over the next five years. The capital investment will increase production capacity, grow logistics including sales and distribution operations, and improve marketing and people capabilities.
This investment will stimulate job creation and the company estimates that it will create more than 22,000 job opportunities across the entire value chain over the next five years.
The company aims to reach more than 100,000 outlets across the country in the next six months through increased production and distribution capacity, including a second existing plant in Hlaing Thar Yar.[This news article originally appeared in the July/August 2013 issue of APFI.]