PepsiCo To Invest $250 Million In Vietnam

  • August 16, 2010
PepsiCo has announced that it plans to invest $250 million to build its food and beverages business in Vietnam over the next three years.

"Vietnam represents one of PepsiCo's most exciting growth opportunities," said Saad Abdul-Latif, CEO of PepsiCo Asia, Middle East and Africa.

The investment will be allocated to a variety of projects, including increasing manufacturing capacity, adding marketplace equipment such as coolers, further strengthening existing brands and broadening the company's product portfolio through innovation.

The new investment is in addition to PepsiCo's investment over the past two years in two new Vietnamese manufacturing facilities, a new foods plant in Binh Duong and a new beverages plant in Can Tho.

PepsiCo products available in Vietnam include carbonated soft drinks, Tropicana Twister drinks, Aquafina water, Lipton ready-to-drink teas and two new isotonic drinks, 7-Up Revive and Sting Pro.

In line with its "Performance with Purpose" corporate responsibility goals, PepsiCo will continue to be a significant contributor to healthcare, education and other social causes in the region, according to the company.

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