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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Coca Cola Company | NYSE:KO | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.11 | -0.18% | 62.51 | 8,374 | 13:08:57 |
From May 2019 to May 2024
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
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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