Pumping in more
By Jin Jing |
May 22, 2010, Saturday
|
Print Edition
Print Edition
UniTed States snack food and beverage producer PepsiCo Inc plans to lift investment by US$2.5 billion in China over the next three years to build new plants and increase capacity at existing ones.
PepsiCo said the investment will be used to build 10 to 12 new beverage bottling plants and snack food factories in China and add capacity in existing facilities.
New plants will be based in China's inland cities and western regions, including Gansu, Yunnan and Henan provinces. A new research and development center will also be established in China to develop new products for Asian countries.
Indra Nooyi, CEO of PepsiCo, said the additional investment reflected the company's confidence toward China and it wants to continue to grow the food and beverage product businesses.
The new investment followed a US$1 billion spending announced in late 2008 and will bring PepsiCo's total investment in China to nearly US$4.8 billion.
Since it tapped the Chinese market, PepsiCo has set up 27 bottling plants and snack food factories as well as five farms.
PepsiCo said the investment will be used to build 10 to 12 new beverage bottling plants and snack food factories in China and add capacity in existing facilities.
New plants will be based in China's inland cities and western regions, including Gansu, Yunnan and Henan provinces. A new research and development center will also be established in China to develop new products for Asian countries.
Indra Nooyi, CEO of PepsiCo, said the additional investment reflected the company's confidence toward China and it wants to continue to grow the food and beverage product businesses.
The new investment followed a US$1 billion spending announced in late 2008 and will bring PepsiCo's total investment in China to nearly US$4.8 billion.
Since it tapped the Chinese market, PepsiCo has set up 27 bottling plants and snack food factories as well as five farms.
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