PepsiCo investing $3 bln in Mexico over next 5 years
PepsiCo investing $3 bln in Mexico over next 5 years November 20th, 2008 SAN FRANCISCO (MarketWatch) — PepsiCo Inc. said Thursday it plans to spend up to $3 billion to build its brands in Mexico over the next 5 years. The money will be used to grow the company’s Sabritas and Gamesa foods businesses and its beverage portfolio in the country. About $2 billion will be spent on the company’s foods business while $1 billion will be spent on beverages. Market Pulse Stories are Rapid-fire, short
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