"Since last year, the Guangdong Provincial Party Committee and Government have comprehensively and efficiently promoted 'high-quality development', continuously providing an important platform for industry peers to share opportunities in the Bay Area and discuss high-quality development in Guangdong. As an enterprise, PepsiCo is deeply encouraged." PepsiCo stated that in the past decade, PepsiCo, together with its business partners, has invested more than 53 billion yuan in China, with sustained strategic investment in Guangdong, It is also a manifestation of PepsiCo's active participation in the process of "high-quality development".
PepsiCo is one of the first multinational companies to enter China. PepsiCo stated that Guangdong has always been a key strategic base for PepsiCo. In recent years, PepsiCo has continued to expand its investment in China, launching a 200 million yuan capital increase and production expansion project in Guangzhou to expand the production capacity of its beverage business in China. The project started construction in September 2022, including expanding production lines and implementing innovative measures such as digitization and greening; It is expected to be put into operation as a whole by the end of 2024. After production, the overall production capacity will double to ensure the healthy development of the beverage business in the next five years.
In addition, Foshan is also an important base for PepsiCo's food business deployment in southern China. PepsiCo Food (Guangdong) Co., Ltd. was established in Danzao Town, Nanhai District, committed to becoming a "green intelligent manufacturing benchmark factory", with production capacity radiating to the Asia Pacific market; 1、 The total investment of the second phase project exceeds 700 million yuan and it has been successfully put into operation by the end of September 2023.
In addition to the two factories mentioned above, PepsiCo also has cooperative farms and food sales branches in Guangdong, covering food sales business in five provinces in southern China. Its overall layout in Guangdong is diversified and solid.
"PepsiCo is full of confidence in the development of the Greater Bay Area and will also introduce more partners to Guangdong for layout and development, contributing the 'PepsiCo Power' to the high-quality development of the Greater Bay Area," PepsiCo said.