The Business Times

Pepsi to invest US$4b in Mexico in 2019-2020

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Published Mon, May 6, 2019 · 11:28 PM

    [MEXICO CITY] PepsiCo Inc said on Monday that it plans to invest US$4 billion in Mexico between 2019 and 2020 with partner Grupo Gepp and create around 3,000 new jobs.

    Pepsi said in a statement that part of the investment will go towards a US$109 million new plant in the central state of Guanajuato. The plant should be operating at full capacity by 2025, the company added.

    REUTERS

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