24 January 2014

PepsiCo to invest $5 billion in Mexico over five years

Davos, Switzerland - 24 January 2014 - PepsiCo, Inc. plans to invest $5 billion in Mexico over the next five years. PepsiCo's investment, which is expected to create 4,000 new jobs in the Mexican economy, is designed to further strengthen its food and beverage business in Mexico. 

"The investments we've made to bolster our position in key markets around the world are fueling our success and positioning PepsiCo to deliver sustainable long-term growth," said PepsiCo Chairman and CEO Indra Nooyi. 

PepsiCo's investment will focus on four key strategic priorities: Innovation & Brand Building, Infrastructure, Agriculture and Community. 

PepsiCo intends to continue to invest behind its portfolio of iconic food and beverage brands and expand the range of products in its portfolio to cater to the wide and evolving needs of Mexican consumers. In addition, PepsiCo will work to further strengthen its research and development capabilities, such as the company's Global Baking Category Innovation Center in Monterrey.

PepsiCo has plans to expand its production capacity by adding new manufacturing lines to meet growing consumer demand. The company also intends to invest in additional selling and delivery infrastructure throughout the country, including new technologies designed to enhance service to retail customers and increase efficiency across go-to-market systems.

PepsiCo will work to strengthen its partnerships with local farmers and invest in sustainable agriculture programs that benefit both the company and the growers by improving yields, conserving resources and boosting demand. The PepsiCo Mexico Foundation will continue to invest in local communities and societal development projects throughout the country. 

PepsiCo is a global food and beverage leader with net revenues of more than $65 billion and a product portfolio that includes 22 brands that generate more than $1 billion each in annual retail sales. 

PepsiCo Mexico is one of the largest consumer product companies in the country, with net revenues in Mexico of 4 billion U.S. dollars in 2012. PepsiCo Mexico comprises the Sabritas, Sonric's, Gamesa, Quaker, Pepsi and Gatorade business units and employs more than 40,000 people throughout the country. PepsiCo products have been sold in Mexico since 1907. 

Source: PepsiCo