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  • Date of publication: 31 August 2020
  • 3645
  • businessbuysale.com
  • Pepsi says to invest $4 billion in Mexico in 2019-2020

    Synopsis

    PepsiCo Inc said on Monday that it plans to invest $4 billion in Mexico between 2019-2020 with partner Grupo Gepp and create around 3,000 new jobs.

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Description

PepsiCo Inc said on Monday that it plans to invest $4 billion in Mexico between 2019-2020 with partner Grupo Gepp and create around 3,000 new jobs.

Pepsi said in a statement that part of the investment will go toward a $109 million new plant in the central state of Guanajuato. The plant should be operating at full capacity by 2025, the company added.