PepsiCo returns to Indonesia, breaks ground for snack factory By Reuters

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By Stefanno Sulaiman

CIKARANG, Indonesia (Reuters) – U.S. meals and beverage maker PepsiCo (NASDAQ:) started constructing a snack manufacturing unit in Indonesia’s West Java on Wednesday, marking its return to Southeast Asia’s largest financial system after splitting with a neighborhood accomplice two years in the past.

The manufacturing unit, a part of PepsiCo’s $200 million dedication to put money into Indonesia over a 10-year interval, is anticipated to start out producing snacks by 2025.

PepsiCo’s affiliate Fritolay Netherlands Holding B.V. and Indofood CBP, a unit of Indonesia’s largest meals firm Indofood Group, ended a 30-year three way partnership in 2021 with out offering any purpose, when Indofood purchased PepsiCo’s minority stake.

The JV on the time had manufactured a variety of snacks beneath manufacturers like Lay’s, Cheetos and Doritos.

Constructing the brand new manufacturing unit with out a native accomplice, PepsiCo pledged to supply most uncooked supplies for its snacks, together with corn and palm oil, from sustainable sources and to make use of renewable energy sources.

($1 = 15,255.0000 rupiah)

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