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ThaiNamthip to Form Joint Venture for Bottling, Distribution of Coca-Cola in Laos

Date : 11/29/2012 @ 9:51AM
Source : Dow Jones News
Stock : Coca-Cola CO (The) (KO)
Quote : 44.29  -0.14 (-0.32%) @ 2:29AM
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ThaiNamthip to Form Joint Venture for Bottling, Distribution of Coca-Cola in Laos

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   By Ben Otto 
 

JAKARTA--ThaiNamthip Ltd., Coca-Cola Co.'s (KO) bottling partner in Thailand, said Thursday it is forming a joint venture with Laos-based PT Construction Co. to bottle and distribute Coca-Cola sparkling and still beverages in Laos.

The new venture, Lao Coca-Cola Bottling Co., will distribute Coca-Cola, Fanta, Sprite, Minute Maid, and Namthip drinking water, ThaiNamthip said in a statement. It started distributing Coca-Cola products supplied by ThaiNamthip's plants in Thailand on Thursday.

The joint venture will have initial capital of US$40 million, covering the first five years of operations.

ThaiNamthip will own 70% of the venture, with Construction Co. holding the rest.

Lao Coca-Cola Bottling will also build a bottling plant in Vientiane province that will start operations in 2014.

-write to Ben Otto at ben.otto@dowjones.com

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