Coca-Cola Opens Bottle Plant in Myanmar

By Agence France-Presse on 1:39 pm June 5, 2013  


Bottles of Coca-Cola soda move along the production line at the Coca-Cola Co. bottling plant in Hmawbi, Myanmar, on Tuesday, June 4, 2013. Coca-Cola Co. Chief Executive Officer Muhtar Kent marked the return of the world’s largest soda maker to Myanmar after 60 years by opening a bottling plant and pledging more investment in the newly opened economy. (Bloomberg Photo/Dario Pignatelli)
Yangon. Coca-Cola officially began bottling its eponymous soft drink in Myanmar on Tuesday as it marked a return to the former junta-ruled country with a pledge to invest $200 million and create thousands of jobs.

The US giant, one of the world’s most recognizable brands, re-entered Myanmar last year when it resumed deliveries of its famous drink after a six-decade hiatus.

Inaugurating its first bottling plant in a Yangon suburb, the company said it will spend $200 million over the next five years directly creating 2,500 jobs and more than 20,000 overall across the supply chain.

“We’re delighted to be part of this historic occasion as we return to local manufacturing of Coca Cola to this beautiful country after more than 60 years,” said Muhtar Kent, Coca-Cola chief executive.

The soft drinks firm said it had a bottling plant in Myanmar 60 years ago but had pulled out, well before the sanctions regime of the 1980s bit.

“Our archive records contain no information about the rationale for departing,” a spokeswoman said in a statement.

Coca-Cola was widely available on the black market throughout the junta era, despite the sanctions which have now mostly been lifted in response to democratic reforms.

The Yangon bottle factory, opened in April with a local partner, takes the company’s global battle for customer loyalty with Pepsi into Myanmar’s newly-opened market, with its fierce rival also looking to open a plant inside the country.

Many multinational companies have been hungrily eyeing Myanmar since reforms by President Thein Sein’s government began in 2011, thrusting the nation’s estimated 60 million population into the consumer age.

Agence France-Presse

http://www.thejakartaglobe.com/business/coca-cola-opens-bottle-plant-in-myanmar/