Coca-Cola Says No Deal Yet on Plants in Burma
15 January 2013
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.