Pepsi to invest US$4b in Mexico in 2019-2020
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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Sheng Siong Q1 net profit up 9.3% on higher revenue
Nestle sales growth sputters on US slump, vitamin snags
Hermes Q1 sales jump 17% on strong China demand
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Cordlife customers push for legal action