PepsiCo, the global snacks firm, has broken ground on a new snacks plant in Cikarang, Indonesia, according to Reuters and Just Food reports.
The investment is said to mark the company’s return to manufacturing operations in Indonesia after ending a joint venture with an Indofood subsidiary in 2021. The venture had produced the brands Lay’s, Cheetos and Doritos for the local market
The new facility is described as being part of a wider investment of $200 million “to develop the Indonesian market”.
“With its rapidly expanding economy, dynamic demographic profile and evolving consumer needs, Indonesia presents unparalleled opportunities, particularly in the F&B sector”, PepsiCo is quoted as saying.
“Recognising this potential, the Indonesian government has shaped policies to cultivate a vibrant investment climate. Aligning with this favourable landscape, PepsiCo Indonesia has reaffirmed its long-term investment commitment to the country”.
Production is set to begin in 2025.
Source: Reuters / Just Food