New Pepsi bottling plant opens

Pepsi-co and LOTTE-MGS Beverage Co announced last week that for the first time since 1997, Pepsi is being produced and bottled inside Myanmar. According to a joint-statement, the newly opened factory is only the first of many the soft-drink giant plans to open in the near future.

While the group’s factory is only producing bottled Pepsi at the moment, plans are in motion to produce aluminum cans in the coming months. A joint-statement released by the two companies describes the plant as “a key pillar in each company’s long-term commitment to the consumers, customers and communities of Myanmar”.

“Pepsi-Cola is one of the world’s most beloved consumer brands and we’re delighted to be manufacturing it right here in Myanmar. We are deeply committed to Myanmar and are investing to build a world-class manufacturing and distribution system to support the future expansion of our business” said Byoung Tak Hur, managing director of LOTTE-MGS.

According to a statement released by the company, “PepsiCo continues to expand its business in developing and emerging markets around the world, which in 2013 accounted for 35 percent of the company’s global net revenue.”

source: The Myanmar Times

http://www.mmtimes.com/index.php/business/10013-new-pepsi-bottling-plant-opens.html