The factory is part of PepsiCo’s US$200mil commitment to invest in Indonesia over a 10-year period. — Reuters
CIKARANG (Indonesia): US food and beverage maker PepsiCo began building a snack factory in Indonesia’s West Java yesterday, marking its return to South-East Asia’s largest economy after splitting with a local partner two years ago.
The factory, part of PepsiCo’s US$200mil commitment to invest in Indonesia over a 10-year period, is expected to start producing snacks by 2025.
PepsiCo’s affiliate Fritolay Netherlands Holding BV and Indofood CBP, a unit of Indonesia’s largest food company Indofood Group, ended a 30-year joint venture in 2021 without providing any reason, when Indofood bought PepsiCo’s minority stake.
The joint-venture at the time had manufactured a range of snacks under brands like Lay’s, Cheetos and Doritos. — Reuters
