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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Secondary Navigation Singapore Asia Pacific World Search Search: Pepsi to invest $1.0 billion in China AFP - Tuesday, November 4 BEIJING (AFP) - - US food and drinks giant PepsiCo announced Monday plans to invest one billion dollars in China over the next four years to boost production and expand its brand name. PepsiCo chairman Indra Nooyi said in a statement: "This is our largest investment in China in the nearly 30 years we have been doing business here." The investment will fund a variety of major capital programmes to expand manufacturing capacity, particularly in interior and western areas of the country, the statement said. The investment will also be used to expand local research and development facilities and build the company's sales force to broaden distribution. PepsiCo is one of the world's largest food and beverage companies with 2007 annual revenues of more than 39 billion dollars. Many of the company's most prominent brands are produced and sold in China, including Pepsi, Frito-Lay snacks, Tropicana juices, Quaker foods and Gatorade sports drinks, the statement said. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy China Minsheng to issue up to 5 bln yuan hybridsReuters - 43 minutes ago China's Baosteel to trim output in Dec -paperReuters - 52 minutes ago S.Korea, China in talks to expand dollar swap deal -reportReuters - 1 hour 36 minutes ago Fed's latest survey finds tighter loan standardsAP - Tuesday, November 4 Related Articles: Business Seoul shares open higher; banks, airlines riseReuters - 51 minutes ago WRAPUP 3-US auto sales hit 25-yr low, Europe outlook bleakReuters - 51 minutes ago China's Baosteel to trim output in Dec -paperReuters - 52 minutes ago Nikkei rises 1.5 pct as exporters gainReuters - 54 minutes ago CORRECTED - Rio Tinto sees no cuts in Africa exploring, budgetReuters - 1 hour 1 minute ago Enlarge Photo Pepsi to invest $1.0 billion in China Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Foods to prevent disease? Obama in command on eve of US vote Hamilton pips Massa to Formula One title in tense Brazil finale Formula One driver Hamilton wins 2008 F1 championship Australia anxious as Indonesia prepares to execute Bali bombers View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

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