PepsiCo plans to invest $1B in Colombia over the next five years, an announcement made by Colombian President Abelardo De La Espriella over the weekend. The investment will be centered on expanding production, modernizing operations, and strengthening distribution. De La Espriella said the commitment will boost employment, support more than 2,000 farmers, and strengthen Colombia's small shopkeepers. PepsiCo makes and distributes snacks and drinks in Colombia, with production plants in Funza and Guarne, and its business also buys crops from Colombian farmers and supplies small retailers. Shares of PepsiCo edged 0.2% lower in premarket trading to $128.39, against a 52-week range of $126.90 to $171.48.
PepsiCo IncPepsiCo commits $1B investment in Colombia over five years to expand production, modernize operations, and strengthen distribution.
