PepsiCo invest $93m in beverage concentrates plant in Singapore

From: FoodBev Media

PepsiCo has invested SGD 130 million ($93.2 million) in a new manufacturing facility in Singapore.

Located in Jurong, in the southwest of the country, the plant will allow Pepsi to enhance its production of beverage concentrates for the Asia-Pacific market, and is reportedly the first beverage concentrates factory to be built in Singapore in the last ten years – and the first for PepsiCo.

The site has been designed to scale up in the future and will play a key role in streamlining distribution of PepsiCo’s beverage concentrate products across the region. It will employ around 90 people when fully operational.

PepsiCo Asia-Pacific president Adel Garas said: “We wish to thank the government of Singapore and its agencies for their support for this project. We are confident that our business will greatly benefit from the close cooperation, and positive business and regulatory environment here in Singapore.”

And David Murray, senior vice-president and general manager for PepsiCo Global Concentrate Solutions, underlined the importance of recruitment: “We are delighted to see our new facility in Singapore officially open. The next chapter of our story in Singapore starts now with the new associates hired to support PepsiCo’s Asia Pacific business.”

It comes little more than a year after Coca-Cola Singapore Beverages announced plans to shut down its bottling plant in Tuas, in western Singapore, moving its bottling operations to Malaysia.

PepsiCo had previously worked with Japan’s Suntory to boost availability of some products in the region.

It reported first-quarter revenue of $12.05 billion and organic year-on-year growth of 2.1% earlier this month, which followed flat full-year revenue for 2016 of $62.8 billion.

Claims: 
The copyrights of articles in the website belong to authors. Please inform us if there is any violation of intellectual property and we will delete the articles immediately.