South Korean-Myanmar Joint Venture to Start Pepsi Drinks Production

YANGON — South Korea’s Lotte Chilsung Beverage Co. Ltd and Myanmar Golden Beverage Co Ltd (MGS) announced that they will team up to produce and distribute PepsiCo drinks in Myanmar. The firms said on Thursday that they formed a joint venture, Lotte-MGS Beverage Co. Ltd, adding that the investment had been approved by the Myanmar […]

Lotte, MGS in $81-m JV to Bottle, Distribute Pepsi Products

</a Korea-based Lotte Chilsung Beverage Co Ltd said it has formed a joint venture with Myanmar Golden Star (MGS) Beverage Co Ltd to bottle and distribute soft drink products including Pepsi. Lotte Chilsung Beverage Co will maintain a 70 percent stake in the business, and MGS will maintain the rest. The capitalisation of the joint […]