PepsiCo investing almost $4 billion in Mexico

PepsiCo will be investing nearly $4 billion in Mexico over the next two years on a variety of projects and initiatives. Of the funds, $109 million will be spent to build a new snacks plant in Guanajuato, Mexico that will produce Doritos, Sabritas and Cheetos. Expected to open in 2025, the facility will provide 1,000 jobs.

In addition, PepsiCo will invest approximately $1 billion and work with its local partner Grupo Gepp, which produces, bottles, distributes and sells Pepsi, 7Up and Canada Dry, to improve Mexico’s agricultural practices. PepsiCo will also be funding the reduction of CO2 emissions, increasing the use of renewable energy, reducing saturated fats in its products and programs focused on water, recycling, nutrition and the empowerment of women.