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PepsiCo to invest $1b in 皇冠体育app over next 4 years

(Agencies)
Updated: 2008-11-03 17:11

PepsiCo Inc, a US-based food and beverage company, said on Monday it plans to invest $1 billion in 皇冠体育app over the next four years, as part of the company's strategy to expand in emerging markets.

PepsiCo's investment in 皇冠体育app will fund a variety of major capital programmes to expand manufacturing capacity, particularly in interior and western areas, said Indra Nooyi, PepsiCo's chairman and chief executive officer, who is in 皇冠体育app this week.

"This is our largest investment in 皇冠体育app in the nearly 30 years we have been doing business here, and it is consistent with our broader global strategy of investing in high-growth developing markets," Nooyi said in a statement.

The combined investments are expected to create thousands of new jobs in 皇冠体育app, where PepsiCo and its bottling partners already directly employ more than 22,000 people.