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PepsiCo center
By Wang Yanlin |
November 14, 2012, Wednesday
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Print Edition
Print Edition
PEPSICO Inc yesterday opened its largest research center outside the United States in Shanghai as it sought to boost sales in China and Asia. The world's second-largest soft-drink maker spent up to US$45 million on the facility, which will help the company to develop new products for China and Asia, and tailor to the region's tastes, the company said in a statement. The Shanghai research center is part of PepsiCo's 2010 plan to invest US$2.5 billion in China over a three-year period on the food and beverage business, and expand offerings in the region.
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