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PepsiCo to invest in China
22 May 2010: PepsiCo is planning to invest $2.5 billion (approx 11,500 crore) in its food and beverage businesses in China by 2013.
The proposed investment is in addition to a $1bn (approx Rs 4,600 crore) investment pledged in 2008, which will be completed this year. The funds are likely to be utilised on new manufacturing facilities, the company's research and development operations, expanded agricultural development and brand building.
PepsiCo plans to open 10-12 plants in China to manufacture soft drinks, non-carbonated beverages and snacks and will install additional production lines in existing facilities. Among the new plants will be facilities in the interior and western Chinese provinces of Fujian, Gansu, Henan and Yunnan in the next two years. The company will also open five new farms for potatoes and oats.
Source: Justfood