PepsiCo Supports Economic Development in Myanmar

YANGON, Myanmar, February 5, 2017 /PRNewswire/ --

Partnerships with UNESCO and Positive Planet and an expanding agriculture program are helping PepsiCo play a positive role in Myanmar's growth 

Sanjeev Chadha, CEO, PepsiCo Asia, Middle East and North Africa, and Adel Garas, President, PepsiCo Asia Pacific, reconfirmed PepsiCo's focus on promoting economic development in Myanmar during a visit to the country on February 1-3, 2017. The visit focused on reviewing key business priorities, meeting with local partners and speaking with individuals who have been positively impacted by PepsiCo's efforts.

     (Photo: http://mma.prnewswire.com/media/464769/PepsiCo_Supports_Economic_Development.jpg )

     (Photo: http://mma.prnewswire.com/media/464770/PepsiCo_Economic_Development_in_Myanmar.jpg )

Through successful partnerships with Positive Planet and UNESCO, and by expanding PepsiCo's potato-growing program within Myanmar, PepsiCo is investing in education, building human capital, and enabling opportunities for employment.

These initiatives are an integral part of Performance with Purpose, PepsiCo's belief that its success is inextricably linked to the sustainability of the world around. PepsiCo believes that continuously improving the products it sells, operating responsibly to protect the planet and empowering people around the world is what enables PepsiCo to run a successful global company that creates long-term value for society and its shareholders.

PepsiCo re-entered Myanmar in 2012 and in 2014 teamed up with LOTTE-MGS to locally manufacture its core carbonated soft drink portfolio, including Pepsi, Mirinda and 7UP, as well as Sting energy drink. Myanmar is an attractive frontier market with strong economic growth potential and a population of approximately 53.9 million people.  

Reducing rural poverty with Positive Planet  

Mr. Chadha and Mr. Garas visited the city of Hpa An, the capital of the Kayin State, on February 2 to meet with individuals who have benefitted from a project supported by PepsiCo and led by Positive Planet, an organization working to help men and women across the world create the conditions for a better life for future generations. The objective of this project is to alleviate poverty and reduce economic vulnerabilities in conflict-affected villages in the Kayin State, and to promote financial inclusion among low-income rural households.