The facility is the first to locally bottle Coca-Cola since the Company re-entered Myanmar last year. The historic event continues the long-term commitment of The Coca-Cola Company to generate a lasting positive impact by manufacturing, distributing, selling and hiring through its local business in Myanmar.
“As we grow as a local business in Myanmar, we are committed to creating economic value and building sustainable communities,” said Kent. “For the people of Myanmar, Coca-Cola embodies the optimism of a bright future, with the promise of better days and better lives ahead. We are privileged to be a part of their journey.”
Coca-Cola plans to invest $200m over the next five years. The capital investment will increase production capacity and grow logistics, including sales and distribution operations, and improve marketing and people capabilities.
This investment will stimulate job creation, and Coca-Cola estimates that it will create more than 22,000 job opportunities across the entire value chain over the next five years.
Coca-Cola and Sprite in 425ml plastic bottles with uniquely scripted Myanmar labels are being produced in Myanmar, with local production of the iconic glass contour bottle (300ml) and aluminium can expected in the coming weeks. Completing the portfolio is imported Coca-Cola Zero (can).
Coca-Cola aims to reach more than 100,000 outlets across the country in the next six months through increased production and distribution capacity, including a second existing plant in Hlaing Thar Yar.
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