Mexico: PepsiCo to invest $4 billion, build new factory

PepsiCo, the global food and drinks giant, has announced plans to invest $4 billion in Mexico between 2019 and 2020, leading to the creation of an estimated 3,000 new jobs.

The investment includes $109 million to build what PepsiCo said what would be its first new plant in Mexico in 20 years. The facility, to be located in Guanajato, is scheduled to be operational by 2025 and will strengthen PepsiCo’s production capacity in the country, the company said in a statement.

Commenting on the investment, Roberto Martínez, president of PepsiCo Alimentos Mexico, said: “Mexico’s competitiveness is key to PepsiCo’s success, and our goal is to make sure that our success is also Mexico’ success”.

“We are proud of our more than 110 years of history in Mexico and we are excited for the next 100”, added Ramón Laguarta, chairman of the Board and CEO of PepsiCo Inc. “Mexico is our biggest operation in Latin America and our second biggest globally”.

Source: PepsiCo