PepsiCo to invest $5bn in Mexican beverage business
Global drinks major PepsiCo has outlined plans to invest around $5bn in Mexico over the next five years, in a move to bolster its beverage and food business in the country.
As part of the investment plan, PepsiCo plans to add new production lines, as well as expand its beverage and food product range, in order to meet the increasing consumer demand.
Meanwhile, the company will also work to bolster its partnerships with local farmers and invest in sustainable agriculture programs.
In addition, PepsiCo Mexico Foundation is expected to continue investing in local communities and societal development projects across the country.
The proposed investment in four major areas will create 4,000 new jobs in the Mexican economy.
PepsiCo chairman and CEO Indra Nooyi said that the investments the company had made to bolster its position in key markets around the world are fueling its success and positioning PepsiCo to deliver sustainable long-term growth.
"We're confident in Mexico's future and we believe this investment will create significant value for PepsiCo, our customers, our shareholders and for Mexico as a whole," added Nooyi.
Image : PepsiCo to invest $5bn in Mexican beverage business. Photo courtesy of PepsiCo Inc.