MEXICO: PepsiCo outlines five-year plan for Mexico
PepsiCo generated MXN4bn, or US$295m, in sales in Mexico in 2012
PepsiCo has set out plans to spend US$5bn over the next five years on expanding its business in Mexico.
Chairman and CEO Indra Nooyi said today (24 January) the US food and beverage giant saw "tremendous opportunities" for growth in the country.
PepsiCo, which sells products including Quaker cereals and Sabritas crisps in Mexico, will invest in areas including innovation, brand building and production.
The company's plans were announced as fellow food giant Nestle announced it is to invest US$1bn into its Mexican operations with the construction of two factories.
PepsiCo plans to add manufacturing lines at its plants to boost capacity and invest in its distribution network in the country.
The group plans to expand the range of products it sells in Mexico. It also intends to "strengthen" its R&D in the country, including a site in Monterrey that focuses on the baking category.
PepsiCo generated MXN4bn (US$295.4m) of sales in Mexico in 2012. The company is set to publish its 2013 group results next month. PepsiCo's last official comment on its sales in Mexico were for the second quarter of 2013, when it saw sales increase 7% on an organic basis.
Synopsis Canadean's "PepsiCo, Inc. : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contai...
In 2013, although heavily dependent on snacks, PepsiCo posted strong financials, and again increased its returns to investors. Recent acquisitions/joint ventures, such as Tingyi, Müller Quaker Dairy a...
Within a very restrictive business environment, PepsiCo’s strategy is aimed at directing resources – both physical and human – towards core production lines which use local components (for example ext...
From horsemeat to Heinz and from the flurry of M&A in baby food to the continued rise of gluten free, in this end-of-year management briefing, just-food rounds up the stories and issues that dominated...
- Analysis: Is Heinz, Kraft merger "a growth story"?
- The challenges awaiting ConAgra's new CEO
- Focus: Can Mars gain share in Indian chocolate?
- Why Kraft-Heinz merger could herald more deals
- The challenge of digital marketing and ROI
- UPDATE: Heinz, Kraft strike merger agreement
- Infographic: Heinz, Kraft unveil combined business
- Fatal explosion at French desserts firm Senagral
- Buffett: Kraft Heinz to withstand health focus
- ConAgra confirms another private-label charge