Pepsi says to invest $4B in Mexico in 2019-2020
The PepsiCo Mexico System, composed of PepsiCo Alimentos Mexico and its strategic partner Grupo Gepp, announced an investment plan of $4B in Mexico between 2019 and 2020, with an estimated creation of 3,000 new jobs. This investment reinforces its commitment to the country and will continue to contribute to its economic and social development. "We are proud of our more than 110 years of history in Mexico and we are excited for the next 100," said Ramon Laguarta, Chairman of the Board and CEO of PepsiCo Inc. "Mexico is our largest operation in Latin America and the second worldwide. It is an honor for us to have a positive impact at all levels of the country's economy, from the countryside to the corner stores in each location." Part of the investment will go toward a $109M new plant in the central state of Guanajuato. The plant should be operating at full capacity by 2025, the company said.