Coca-Cola Says No Deal Yet on Plants in Burma

Coca-Cola said that it has it has not yet received approval to set up factories in Burma, contrary to earlier media reports. “The Coca-Cola Company applied to the Myanmar Investment Commission for a Foreign Investment License. Discussions with the MIC continue to advance, with some further steps still required to complete the process,” Karen Thompson, the public relations and communications director for Coca-Cola in Burma, was reported by The Myanmar Times as saying. On Jan. 7, The Yangon Times reported the company had already received permission to set up four bottling plants.

2 Responses to Coca-Cola Says No Deal Yet on Plants in Burma

  1. Burma Law is a fast evolving animus these days with changes coming at an alarming rate. Although the majority of these changes seem very positive when viewed from the point of economic liberation and trade, the extent to which they will be sustainable would still appear to be very much in doubt. For a company like Coke, given the huge amount of capital expenditure involved, the financial risks in the event of failure may be colossal.

  2. In the entire world, every country has a Coca – Cola distribution network, except Cuba, North Korea and Myanmar. I do not take pride in that; hope others don’t too, unless they love to live in stone age.

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