PepsiCo plans to expand with provincial project
The soft drinks maker aims to enter new territory in the west of China
BEIJING - PepsiCo Inc (China)'s Chairman Tim Minges said the beverage maker will expand production into a greater number of Chinese provinces in the next three to five years. That's just days after PepsiCo signed a strategic agreement with Tingyi-Asahi Beverages Holding Co Ltd (TAB).
"We still have six, seven provinces that don't have Pepsi production, so our core focus is to continue the plan we have been on all along, to continue to expand the footprint. That will be the focus for the next three to five years, to continue to grow that out, fill in the white space gaps because right now we are not available in many parts of the country, and our key competitors are," said Minges.
