The company sees Mexico as one of the most attractive markets in Latin America, with a growing middle class and numerous opportunities for long-term economic growth.
“The investments we’ve made to bolster our position in key markets around the world are fuelling our success and positioning PepsiCo to deliver sustainable long-term growth,” said PepsiCo chairman and CEO Indra Nooyi. “PepsiCo brands have been enjoyed by Mexican consumers for more than a century and we see tremendous opportunities to further expand our food and beverage business. We’re confident in Mexico’s future and we believe this investment will create significant value for PepsiCo, our customers, our shareholders and for Mexico as a whole.”
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