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.
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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
black market
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
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