Dive Summary:
- The Coca-Cola company announced Tuesday it will begin producing soft drinks in Myanmar for the first time in over 60 years as part of the company's planned $200 million investment in the country over the next five years.
- Chairman and CEO Muhtar Kent attended the inauguration of the plant, which is expected to create over 22,000 jobs.
- The company was among the first to gain an investment permit under Myanmar's Foreign Investment Law after U.S. sanctions were lifted.
From the article:
The Coca-Cola Co (KO.N) said on Tuesday it will begin production in Myanmar as part of a planned $200 million investment in the Asian country. ...