date:Nov 30, 2012
ThaiNamthip, Coca-Cola's bottling partner in Thailand, and Laos-based PT Construction plan to form a joint venture (JV) and invest $40m over the next five years to bottle and distribute Coca-Cola beverages in Laos.
The new venture - Lao Coca-Cola Bottling - will distribute Coca-Cola, Fanta, Minute Maid, Namthip drinking water and Sprite.
Local PT Construction will own 30% of the JV, with the Bangkok-based Coca-Cola bottler holding 70%.
The move, part of the company's strategy to increase its