Home Construction PepsiCo plans $4B investment in Mexico

PepsiCo plans $4B investment in Mexico

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PepsiCo has announced plans to expand its presence in Mexico with a $4 billion investment spanning through 2020.

The Purchase-headquartered company is looking to create 3,000 new jobs in Mexico and will construct a production plant in Guanajuato, its first new Mexican facility in two decades.

PepsiCo is also working with its regional partner Grupo Gepp on a $1 billion effort to improve the sourcing of raw materials used for its snack food products, as well as renovating its Agricultural Development Center in Mexico that supplies the company with potato seeds.

“Mexico is our largest operation in Latin America and our second largest worldwide,” said Ramon Laguarta, CEO of PepsiCo. “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.”

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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