PepsiCo Mexico announces an investment of 4 billion dollars in the next two years, which includes the construction of a new Snacks Plant in Guanajuato.

The PepsiCo Mexico System, integrated by PepsiCo Mexico Foods (PMF) and its strategic partner Gepp Group (Gepp), announced a 4 billion dollar investment plan in Mexico between 2019 and 2020, with an estimated creation of 3,000 new jobs and the construction of a new Snacks Plant in Guanajuato.

This investment reinforces its commitment to the country and will continue to contribute to its economic and social development.

Ramón Laguarta, The Chairman of the Board and PepsiCo Inc.'s CEO:
 

“We are proud of our more than 110 years of history in Mexico and we are excited for the next 100"

"Mexico is our largest operation in Latin America and the second in the world. It is an honor for us to have a positive impact at all country's economy levels, from the countryside to the corner stores in each location.”

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PepsiCo to build snacks plant in Mexico

The announced investment will focus on four strategic pillars:

1. A unique agricultural model that benefits the production chain: PMF and Gepp plan to invest more than 1 billion dollars in local raw materials, such as potatoes, corn and sugar from small, medium and large producers. PMF plans to renovate its Agricultural Development Center (CDAS, for its acronym in Spanish) to ensure the supply of high quality potato seeds for the business long-term growth.

2. Infrastructure strengthening to maximize production capacity and take advantage of best practices: PMF will invest 109 million dollars in its first new snacks plant in 20 years, which will be located in Guanajuato. When it runs at full capacity (in 2025), it is expected to create an additional 1,000 jobs.

3. A solid sustainability agenda in all its operations and product designs: PMF will continue its journey towards reducing CO2 emissions and increasing the use of renewable energy in its operations. The PepsiCo Mexico System will continue with the transformation of its product portfolio, and for that it plans to invest 13 million dollars to further reduce saturated fats.

4. The commitment to promote community development: through its global and local foundations, the PepsiCo Mexico System plans to invest more than 7 million dollars in development programs focused on water, recycling, nutrition and women empowerment to benefit more than 150,000 people throughout the country.

Roberto Martínez, The President of PepsiCo México Foods:
 

"Mexico's competitiveness is key to the success of PepsiCo and our goal is to make sure that our success is also that of Mexico."

Mexico is made up of almost 80,000 employees, and each job within the System creates 1.3 additional indirect jobs. According to the Oxford Economics consultancy, PMF and Gepp contribute 0.4% to the country's GDP.

Miguel Antor, Gepp Group's CEO:
 

"The announced initiatives program confirms the long-term business philosophy and Gepp Group's commitment to continuous reinvestment in Mexico."

"Our goal is to make sure that our success is also that of Mexico.”