PepsiCo building beverage plant in Russia
October 18, 2010
by Keith Nunes
PURCHASE, N.Y. — PepsiCo, Inc. announced plans to invest $140 million in a new beverage facility in the Russian city of Azov, which is south of Moscow and near the Black Sea. The new facility will be the company’s tenth in Russia.
“Russia is one of our most exciting growth opportunities, and our $250 million total investment in two plants in the Rostov region reflects our commitment to this key market,” said Indra Nooyi, chairman and chief executive officer of PepsiCo. “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.”
The new plant will be constructed near PepsiCo’s recently completed snack plant in Azov. Both plants are part of the company’s $1 billion investment program in Russia that was announced in 2009, according to the company.