The joint venture, named Lao Coca-Cola Bottling Co., Ltd., will have an initial investment capital of US$ 40 million over five years. ThaiNamthip will hold 70% of the shareholdings and PT Construction Co., Ltd. will hold the remaining 30%. As part of the agreement, Lao Coca-Cola Bottling Co., Ltd. has begun distribution in Laos with Coca-Cola products supplied by ThaiNamthip’s plants in Thailand. Lao Coca-Cola Bottling Co., Ltd. will construct a bottling plant to be located in Vientiane province and this is expected to be operational in 2014. The new plant will employ around 70 people as well as generate additional indirect employment for around 500 people.
Looking for more information? The Bangkok Post shared a story today with more details.
Natha Boonprasit is Public Relations Manager at Coca-Cola Thailand.