The Myanmar Investment Commission (MIC) on December 28 gave Coca-Cola Company permission to construct a factory in the country.
The American
multinational beverage corporation will operate its business under the
registered name Cola Pinya Beverages Myanmar Ltd as a joint venture with
the local Pinya Manufacturing Co Ltd.
MIC has permitted the company to manufacture non-alcoholic beverages and purified drinking water.
For the first time in more than 60 years, Coca-Cola Company has delivered the Coca-Cola drink to local customers in Yangon.
Production will take place at four factories 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. The
amount of investment has not been publicised.
Pinya’s 10-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 13 distribution branches throughout the country.
source: Eleven Myanmar
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