• ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • GICA
  • CONTACT
Latest Tweets
  • Loading tweets...

Follow @@GamaConsumer

  • ABOUT
    • Gama
    • Our Network
    • Media
  • PRODUCTS & SERVICES
    • Gama Compass
    • Gama Field Services
    • Gama Market Entry
  • CATEGORIES
    • Food
    • Alcoholic Drinks
    • Non-Alcoholic Drinks
    • Household Care
    • Health & Beauty
    • Pet Care
    • Tobacco
  • NEWS & INSIGHTS
    • Global News
    • Insights
    • Magazine
  • GICA
  • CONTACT
1 MIN READ

Brazil: PepsiCo closes plant in Manaus

December 18, 2018
-
Latin America, Manufacture & Distribution, Non-Alcoholic Drinks

Global snacks and drinks giant PepsiCo has announced the closure of its factory in the Free Economic Zone of Manaus, reportedly after changes to taxes in the soft drinks sector.

According to Exame, PepsiCo said that the decision to leave the region “was taken with the goal of efficiently managing our operations throughout Brazil and positioning the company for long-term growth, regardless of the recent change in the tax regime”.

The change in the tax incentives occurred this September, when the government announced a decrease in taxes for the manufacture of drinks concentrates, so the incentives to operate in the tax-free Free Economic Zone of Manaus were reduced.

The company claims that production will be redistributed to their other plants that produce the same drinks, but the Manaus plant was the only one in Brazil that manufactured concentrates.

According to Exame, industry representatives said there was a risk that other multinationals might follow in PepsiCo’s footsteps and leave the Manaus Free Economic Zone.

Source: Exame

Tags
PepsiCo
← PREVIOUS POST
Belgium: Coca-Cola adds canned drinks line to Ghent site
NEXT POST →
UK: GlaxoSmithKline and Pfizer to merge consumer health businesses

Copyright © 2020. Gama. All rights reserved.      Privacy Policy | Legal Notice

 
Brazil: PepsiCo closes plant in Manaus - Gama