USA: PepsiCo to build $90 million snack facility in Vietnam

PepsiCo, the global snacks and drinks giant, has announced plans to build $90 million snack facility in Vietnam to supply both the Vietnamese and Cambodian markets.

The new 80,000 sq m facility will be built in Dong Van I Expanded Industrial Park in the Ha Nam province and is expected to produce over 23,000 tonnes of goods each year.

Commenting on the move, Nguyen Viet Ha, general manager of PepsiCo Foods in Vietnam, said: “Despite the general economic difficulties after the Covid-19 pandemic, PepsiCo Foods Vietnam has made remarkable strides. We hope that the new factory project will contribute to promoting economic development, help Vietnamese people through difficulties, and bring long-term benefits to society”.

Construction of PepsiCo’s new facility is scheduled to begin in early 2024 and conclude by the second half of 2025.

Source: Baking Business