of Bottling Plant Part of Planned $200 Million Investment in Myanmar Creating
22,000 Jobs Over Five Years
YANGON, Myanmar, June 4, 2013 –
For the first time in more than 60 years, Coca-Cola is being bottled in
Myanmar. Muhtar Kent, Chairman and CEO
of The Coca-Cola Company, today attended the ceremonial inauguration of a bottling
plant in Crystal Springs, Hmawbi Township.
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.
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.”
After the lifting of sanctions, The Coca-Cola
Company became one of the first U.S. companies to be awarded an investment
permit under Myanmar’s new Foreign Investment Law. The inauguration of the Coca-Cola plant
is a tangible demonstration of Coca-Cola’s planned $200 million investment over
the next five years. The capital
investment will increase production capacity, grow logistics including sales
and distribution operations, and improve marketing and people capabilities.
its local presence, The Coca-Cola Company will contribute to Myanmar’s economic
and social success by investing in local manufacturing, employing local people,
engaging local suppliers and distributors and supporting community investment
programs. 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.
the inauguration, Kent was joined by Madeleine Albright, former U.S.
Secretary of State and Chair of Albright Stonebridge Group, His Excellency U
Myint Swe, Chief Minister of Yangon Region, officers of Pinya Manufacturing Co.
Ltd, the local Coca-Cola bottling partner and other representatives of
Coca-Cola in Myanmar.
a proud Myanmar citizen, I am honored to be part of this momentous occasion for
Myanmar and Coca-Cola,” said Daw Shwe Cynn, Vice Chairman, Pinya Manufacturing
excited to join our strong local expertise and passionate employees with the
world’s number one brand and Coca-Cola’s world-class business capability. Together we have a positive future for our
business, for our community and for the people of Myanmar,” said Mr Thureign
Win, Vice Chairman Pinya Manufacturing Co. Ltd.
Coca-Cola Company’s well-established global standards for
corporate ethics are being incorporated into Coca-Cola’s business practices in
Myanmar. This includes strict adherence
to its global human and workplace rights policy, supplier guiding principles,
code of business conduct and anti-bribery policies.
from ethical economic development, The Coca-Cola Company aims to provide growth
and development opportunities for the people of Myanmar. As part of this commitment, The Coca-Cola
Foundation is working with Pact, a respected non-government organization, to
implement Swan-Yi, a three-year
program to empower nearly 25,000 Myanmar women focusing on financial literacy,
entrepreneurship and business management. Since the program commenced in July
2012, 10,000 women have been empowered to start their own businesses.
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 aluminum
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.
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is the world's largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Led by Coca-Cola, the world's most valuable brand, our Company's portfolio features 16 billion-dollar brands including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, we are the No. 1 provider of sparkling beverages, ready-to-drink coffees, and juices and juice drinks. Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy our beverages at a rate of more than 1.8 billion servings a day. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that reduce our environmental footprint, support active, healthy living, create a safe, inclusive work environment for our associates, and enhance the economic development of the communities where we operate. Together with our bottling partners, we rank among the world's top 10 private employers with more than 700,000 system associates. For more information, visit Coca-Cola Journey at www.coca-colacompany.com, follow us on Twitter at twitter.com/CocaColaCo or visit our blog, Coca-Cola Unbottled, at www.coca-colablog.com.
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