PepsiCo's investment in China will fund a variety of major capital programs to expand manufacturing capacity, particularly in interior and western areas. The investment also will be used to expand local research and development facilities and build the company's sales force to broaden product distribution. It also will fund brand-building initiatives as well as development of new products tailored to Chinese consumers. To read the news release in full, click here.
PepsiCo Inc to invest $1bn in China
PepsiCo Inc plans to invest $1 billion in China over the next four years, as part of its ongoing strategy to expand in emerging markets and broaden its portfolio of locally-relevant products.
03 November 2008
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