A $100m investment has been made by PepsiCo that will renovate a potato chip manufacturing factory in Shanghai, China.
At the Songjiang plant, the investment is in a new production line and will introduce advanced packaging and warehousing technology. It will also be increasing the site’s production capacity to deal with increased demand.
Creating 370 direct jobs, the deal is part of a long-term commitment in China from PepsiCo, explained Greater China chief Ram Krishnan: “China is one of PepsiCo’s global growth drivers. In the past 20 years, PepsiCo’s food business in China has been actively expanding and has achieved remarkable results.”
“This capital investment not only reflects our ‘In China, For China, With China’ commitment, but also represents the continuous investment made by PepsiCo based on changes in local demand. PepsiCo will continue to focus on China and strives to make greater contributions to its sustainable development.”