Coke gets permission for Myanmar plant
The world’s largest soft drink maker Coca Cola Company received permission from the Myanmar Investment Commission on December 28 to construct a factory in the country. The beverage giant will operate its business under the registered name Cola Pinya Beverages Myanmar Ltd as a joint venture with the local Pinya Manufacturing Co Ltd.
The investment authorities have permitted Coca Cola to manufacture non-alcoholic beverages and purified drinking water. Production will take place at four existing local factories operated by Pinya in Yangon, including the new one in the suburban area of the business capital.
The investment procedures of the company will be in accordance with the new Myanmar Foreign Investment Law, Coca Cola said. The amount of investment has not been released. Coca Cola said earlier that it will make “significant investments” in the country after it has received a business license over the next three to five years. It also has committed to a grant of $3 million to support women’s economic empowerment through job creation initiatives, see our earlier story.
Pinya’s own 10-product line is marketed under the brand name Max. Most of the company’s ingredients are imported from Germany and the US. The company has 13 distribution branches throughout the country.
The world's largest soft drink maker Coca Cola Company received permission from the Myanmar Investment Commission on December 28 to construct a factory in the country. The beverage giant will operate its business under the registered name Cola Pinya Beverages Myanmar Ltd as a joint venture with the local Pinya Manufacturing Co Ltd. The investment authorities have permitted Coca Cola to manufacture non-alcoholic beverages and purified drinking water. Production will take place at four existing local factories operated by Pinya in Yangon, including the new one in the suburban area of the business capital. The investment procedures of the company...
The world’s largest soft drink maker Coca Cola Company received permission from the Myanmar Investment Commission on December 28 to construct a factory in the country. The beverage giant will operate its business under the registered name Cola Pinya Beverages Myanmar Ltd as a joint venture with the local Pinya Manufacturing Co Ltd.
The investment authorities have permitted Coca Cola to manufacture non-alcoholic beverages and purified drinking water. Production will take place at four existing local factories operated by Pinya in Yangon, including the new one in the suburban area of the business capital.
The investment procedures of the company will be in accordance with the new Myanmar Foreign Investment Law, Coca Cola said. The amount of investment has not been released. Coca Cola said earlier that it will make “significant investments” in the country after it has received a business license over the next three to five years. It also has committed to a grant of $3 million to support women’s economic empowerment through job creation initiatives, see our earlier story.
Pinya’s own 10-product line is marketed under the brand name Max. Most of the company’s ingredients are imported from Germany and the US. The company has 13 distribution branches throughout the country.
