PepsiCo Inc is hoping to reach an agreement with Burma’s government to open its first bottling plant in the country, following an announcement by rival Coke that it is already working on setting up a venture with a local company. “We want to establish local production,” Saad Abdul-Latif, chief executive of PepsiCo Asia, Middle East and Africa, was quoted by Reuters as saying on Tuesday. “We will be signing that within the next year or so.” In August, PepsiCo said it has signed an agreement with Diamond Star Co Ltd to distribute PepsiCo beverage brands in Burma.
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