Coke gets permission for Myanmar plant

Coke gets permission for Myanmar plantThe 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.



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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...

Coke gets permission for Myanmar plantThe 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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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