PepsiCo, an American multinational food, snack and beverage corporation, plans to invest about $ 4 billion between 2019 and 2020 to expand its operations in Mexico, one of the largest markets in the world.
Approximately US $ 1 billion will be used to improve local sources of raw materials for an assortment of snacks such as potatoes, corn, and more, and to upgrade its Agricultural Development Center to ensure the supply of high-quality potato seeds.
The company said the new plan includes the construction of a factory in Guanajuato and will be aimed at improving the agricultural model, infrastructure, sustainable development initiatives and community development programs in the country.
One billion US dollars of the total investment will be used to build Mexico's first PepsiCo plant in 20 years. This facility is expected to be fully operational by the end of 2025. Improving PepsiCo's agricultural practices in Mexico is part of the company's collaboration with its regional partner Grupo Gepp.
Investments are also aimed at strengthening PepsiCo's sustainable development program, as the company seeks to increase its use of renewable energy and to further reduce CO2 emissions.
PepsiCo will also continue to expand its product portfolio to include an increasingly healthy choice.
