Coca-Cola Co. KO +0.14% and Unilever ULVR.LN +0.88% will invest a total of nearly $1 billion in Myanmar over the next decade, making the biggest commitments by Western multinational corporations and becoming the first prominent global companies to restart manufacturing in the Southeast Asian country. The announcements came more than a year after Western sanctions against investment in Myanmar were tentatively lifted. Western investor interest in the still-risky market so far has taken the form of representative offices and discussions about joint ventures. Most foreign direct investment has come from other Asian countries.
Coke formally opened a bottling plant Tuesday on the outskirts of Yangon, where manufacturing began in April. The company plans to start producing Coke at another plant within two months, pledging $200 million over the next five years to increase production and distribution across the country.
Coke and Unilever Invest $1 Billion in Myanmar - WSJ.com