PepsiCo to invest US$300M to US$400M to increase production in Russia, company official says
October 17, 2011
– 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.