China: PepsiCo invests in Shanghai facility

PepsiCo, the global food and drinks giant, is to invest $100 million upgrading a facility located in Shanghai, China, according to a FoodBev report.

The company said it was installing a new production line as well as adding advanced packaging and warehousing operations at the plant in Sonjiang. The investment will enable PepsiCo to meet demand for crisps from Chinese consumers.

Commenting on the move, Ram Krishnan, president and CEO of PepsiCo Greater China, said: “China is one of PepsiCo’s global growth drivers. In the past 20 years, PepsiCo’s food business in China has been actively expanding and has achieved remarkable results. This capital investment not only reflects our ‘In China, For China, With China’ commit, but also represents the continuous investment made by PepsiCo based on changes in local demand. PepsiCo will continue to focus on China and strives to make greater contributions to its sustainable development”.

Source: FoodBev