PepsiCo plans one billion dollar investment in Russia

PepsiCo Inc. has announced plans to invest US$1 billion (€720 million) in Russia over the next three years, together with its partner Pepsi Bottling Group.

The company says that the investment is consistent with PepsiCo's ongoing strategy to expand in emerging markets and that it will bring its cumulative investment in Russia to over US$4 billion.
The investment in Russia is funding various programmes to expand manufacturing and distribution capacity. The company also plans to open a new snacks manufacturing plant later this year in the southern city of Azov – foodinternational.net.