PepsiCo to invest US$300M to US$400M to increase production in Russia, company official says
Nevin Barich
LOS ANGELES
,
October 17, 2011
(Industry Intelligence)
–
The head of Pepsi Russia, Ramon Laguarta, said that PepsiCo Inc. plans to invest US$300 million to $400 million to increase production in the country, Bloomberg reported Oct. 17.
PepsiCo CEO Indra Nooyi said that Pepsi has invested $9 billion in Russia over the past decade.
That figure should reach $10 billion within two years, Nooyi said.
The primary source of this article is Bloomberg, New York, New York, on Oct. 17, 2011.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.