Pepsico to Invest $140 Million to Build Russian Beverage Plant
October 18, 2010
The Associated Press reports, PepsiCo Inc. will invest $140 million to build its 10th plant in Russia, a beverage plant in the Rostov region, the company said. The company, which is based in Purchase, N.Y., has been ramping up its investments in Russia and other emerging markets to expand its business overseas. The company announced a $1 billion investment program for Russia last year. PepsiCo said its CEO, Indra Nooyi, has signed a memorandum with leaders of the Rostov region to build the plant. The plant will be located in Azov, where PepsiCo just completed a snack plant. The total investment for the two plants is worth $250 million.