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PepsiCo Inc. and Pepsi Bottling Group Inc. plan to invest $1 billion in
Russia over three years to expand their manufacturing and distribution
network in the country. The investment will bring the cumulative
investment in Russia by the two companies to over $4 billion, PepsiCo
said in a statement, reported by the Wallstreet Journal. In addition to
the new beverage facility opening this week in Domodedovo, a new snacks
manufacturing plant is expected to open later this year in the southern
city of Azov. PepsiCo and PBG also are planning investments to build
warehousing and distribution infrastructure for the Lebedyansky juice
business. PepsiCo also plans to continue its substantial investment in
local agriculture.
