Pepsi to return to Burmese market
- Written by Mizzima News
- Category: Uncategorised
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PepsiCo, one of the world's largest drinks makers, will re-enter the Burmese market, after pulling out of the country in 1977.
It has signed an agreement with a Burmese firm to distribute Pepsi-Cola, 7-Up and Mirinda brands in the country, and it is exploring the option of setting up production there.
The firm's major rival, Coca-Cola, announced plans in June to return to Burma.
The drinks maker has been expanding its operations in developing and emerging markets.
PepsiCo said that it would also partner with the United Nations Educational, Scientific and Cultural Organization (UNESCO) to launch vocational training initiatives in Burma in a bid to improve labour skills in the country.
“PepsiCo and UNESCO plan to work together to provide programs that focus on managerial skills training to support the country's development, empower its people and strengthen the workforce as PepsiCo looks to expand its business in the future,” it said in a statement.
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