News

RUSSIA: PepsiCo to build Russia drinks plant

Most popular

Provenance and quality not enough for spirits - II

Advice for brewers in the time of COVID-19

Coronavirus special - Wine & Spirit Trade Ass'n

Over the influence? The future of social media

Coronavirus special - US Distilled Spirits Council

MORE

PepsiCo is to invest US$140m in the construction of a drinks factory in Russia.

//i4.aroq.com/1/pepsico.jpg

A memorandum for the beverage plant has been signed by Indra Nooyi, chairman and CEO of PepsiCo, and Vasily Golubev, governor of the Rostov region, where the plant will be located, the firm said today (19 October).

The new plant will be constructed in the city of Azov, where the company recently completed a snack plant. Both plants in Azov are part of PepsiCo's $1bn investment programme in Russia, announced in 2009.

Placing both plants on the same property will allow for "more efficient logistics and leverage the advantages of production processes and technologies that save water and energy", the firm said.

In the previous ten years, PepsiCo has invested $3bn in Russia.

"Russia is one of our most exciting growth opportunities, and our $250m total investment in two plants in the Rostov region reflects our commitment to this key market," said Nooyi.

"Our goal is to build a premier food and beverages company in Russia, and we are actively investing in manufacturing and logistics infrastructure to achieve that. Consistent with our performance with purpose vision, we also are broadening our portfolio by adding healthier products, implementing new environmental initiatives and taking steps to support the growth and development of our employees."


Related Content

"We've got to be part of a wider ecosystem to succeed" - Daniel Grubbs, MD of the PepsiCo Ventures G...

PepsiCo takes control of SodaStream International in US$3.2bn deal

PepsiCo takes control of SodaStream International in US$3.2bn deal...

Indra Nooyi leaves PepsiCo in good shape, but what lies ahead for Ramon Laguarta? - Comment

Indra Nooyi leaves PepsiCo in good shape, but what lies ahead for Ramon Laguarta? - Comment...

PepsiCo CEO lays ground for North America cola war as Pepsi loses out to Coca-Cola

PepsiCo CEO lays ground for North America cola war as Pepsi loses out to Coca-Cola...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?