November 29, 2012 / 2:15 PM / 5 years ago

Coca-Cola Thai bottler expanding into Laos

Nov 29 (Reuters) - ThaiNamthip Ltd, a Coca-Cola Co bottler in Thailand, said on Thursday that it is forming a joint venture with Laos-based PT Construction Co, to bottle and distribute drinks like Fanta, Sprite and Minute Maid in Laos.

The venture, named Lao Coca-Cola Bottling Co Ltd, will have an initial investment capital of $40 million over five years. The Thai bottler will hold 70 percent of the venture, and PT Construction, the remaining 30 percent.

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