US beverages and snacks giant PepsiCo has said its snack food subsidiary Frito-Lay North America is to close its Louisville, Kentucky plant and retire several manufacturing lines in Aberdeen, Maryland and Jonesboro, Arkansas as part of its ongoing effort to improve manufacturing and supply chain efficiency.

Production from the Louisville facility and the retired lines will be redirected to newer and more productive facilities in: Fayetteville, Tennessee; Jonesboro, Arkansas; Lynchburg, Virginia; Charlotte, North Carolina; and Frankfort, Indiana.

Approximately 330 employees will be impacted by the changes, primarily at the Louisville plant, which will close in the first quarter of 2004, the company said.

Meanwhile, Steve Reinemund, chairman and CEO of PepsiCo, has said he is pleased with the company's performance in 2003 and is confident of achieving strong results.

Reinemund said Frito-Lay North America has delivered solid financial results while simultaneously making a significant investment to eliminate trans fats from all its salty snack products.