PepsiCo Inc Invests an additional US$14m
December 22, 2009, Tuesday
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Print Edition
Print Edition
UNITED States-based PepsiCo Inc yesterday announced an extra investment of US$14 million in China to increase its juice-making capacity.
The addition is on top of the US$1 billion investment in China over the next four years and also reflected keen competition with the world's largest soft drink maker, Coca Cola, in China's still growing beverage market.
The maker of Pepsi, Gatorade and Tropicana juices plans to locate the new juice production line in its factory in Nanchang, Jiangxi Province. The plant, which began construction in February, will also produce carbonated soft drinks with an investment of US$20 million.
The addition is on top of the US$1 billion investment in China over the next four years and also reflected keen competition with the world's largest soft drink maker, Coca Cola, in China's still growing beverage market.
The maker of Pepsi, Gatorade and Tropicana juices plans to locate the new juice production line in its factory in Nanchang, Jiangxi Province. The plant, which began construction in February, will also produce carbonated soft drinks with an investment of US$20 million.
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