Pepsi to Invest $1 Billion In Russia

On Sunday, PepsiCo and Pepsi Bottling Group (PBG) announced their plan to invest $1 billion in Russia over the next three years. This will bring the total of their cumulative investment in Russia to over $4 billion.
The investment is part of Pepsi’s strategy to expand in emerging markets. The company first began their expansion efforts in Russia in the late 1990s when they opened a beverage plant followed by a snack manufacturing facility in Kashira in 2002.
“Russia is a very attractive growth market,” said PBG Chairman and Chief Executive Officer Eric Foss. “The investments we’re making in our Russia business …read more