BURMA. Soft drink company Coca-Cola bottling plant set up in Burma and pledged to invest U.S. $ 200 million over the next five years.
Coca Cola factory is located in Hmawbi, a suburb of Rangoon and was unveiled by the company boss Muhtar Kent and former U.S. Secretary of State Madeleine Albright, on Tuesday (4/6).
"We are pleased to be part of the historic occasion when we restore the Coca Cola factory to this beautiful country after more than 60 years," said Muhtar Kent.
Coca-Cola said the construction of the plant was part of the investment in Burma which is expected to create 2,500 direct jobs.
Coca Cola and the local bottling company, Pinya, as a whole will open up to 20,000 jobs in the country.
Coca-Cola was recorded as one of the American companies investing in Burma following the lifting of economic sanctions.
The sanctions were lifted after the Burmese government to take a series of political and economic reforms two years ago.
Coca-Cola disconnects official business in Burma in 1988 after the military government crushed pro-democracy upheaval.
But Coca Cola still circulating on the black market at that time. Traders reported that soft drinks imported from neighboring countries.
Source : kontan.co.id