PepsiCo to invest $250 million in Vietnam
August 16, 2010
by Keith Nunes
PURCHASE, N.Y. — PepsiCo, Inc. announced plans to invest $250 million in Vietnam during the next three years. The investment will include increasing manufacturing capacity, product innovation as well as infrastructure expansion such as adding coolers to the market.
“I am pleased to announce that over the next three years we expect to invest $250 million in our food and beverage businesses in Vietnam,” said Saad Abdul-Latif, chief executive officer of PepsiCo for Asia, the Middle East and Africa. “Vietnam represents one of PepsiCo's most exciting growth opportunities, and this investment is a reflection of our confidence in this dynamic country and the talented people who live and work here.”
PepsiCo’s international investment has been significant during the past few years. In May, the company announced plans to invest $2.5 billion in China during the next three years. In 2008, the company announced it would invest $3 billion in Mexico over several years.
In addition to its broad international investment plans, PepsiCo also has acquired several international businesses, including: JSC Lebedyansky, a Russian juice company; Calbee Foods Co., Ltd., a Japanese snack maker; Karinto S.A.C., a Peruvian snack maker; Penelopa, a producer and seller of nuts in Bulgaria; Comercio de Doces Lucky Ltda., a Brazilian snack maker; and Amacoco Nordeste Ltda., a Brazilian coconut water producer.