Business

PepsiCo plans to invest $400 million to its two new Vietnam plant

The government of Vietnam announced on Friday that American food and beverage manufacturer PepsiCo Inc. committed to investing an additional $400 million in the nation to construct two new plants using renewable energy. The announcement was made during a three-day work visit to Vietnam this week by representatives of over sixty American businesses, including Suntory…

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PepsiCo’s quarterly revenue drops for the first time in almost four years, while the company’s revenue top estimates

PepsiCo released mixed quarterly results on Friday, citing a decline in North American demand for its beverages and food products. According to CEO Ramon Laguarta, the fourth quarter saw a general decrease in US sales. In a conference call with investors, he said, “Part of that is a slowdown due to pricing and [consumers’] disposable…

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