NEW YORK (AP) -- PepsiCo Inc. will invest $140 million to build its 10th plant in Russia, a beverage plant in the Rostov region, the company said Monday.
The soft drink and snack maker, which is based in Purchase, N.Y., has been ramping up its investments in Russia and other emerging markets to expand its business overseas. The company announced a $1 billion investment program for Russia last year.
PepsiCo said Monday its CEO, Indra Nooyi, has signed a memorandum with leaders of the Rostov region to build the plant.
The plant will be located in Azov, where PepsiCo just completed a snack plant. The total investment for the two plants is worth $250 million.
Shares of PepsiCo fell 6 cents to $66.62 in morning trading Monday.
The soft drink and snack maker, which is based in Purchase, N.Y., has been ramping up its investments in Russia and other emerging markets to expand its business overseas. The company announced a $1 billion investment program for Russia last year.
PepsiCo said Monday its CEO, Indra Nooyi, has signed a memorandum with leaders of the Rostov region to build the plant.
The plant will be located in Azov, where PepsiCo just completed a snack plant. The total investment for the two plants is worth $250 million.
Shares of PepsiCo fell 6 cents to $66.62 in morning trading Monday.
