Monday, October 2, 2023

PepsiCo Returns to Indonesia with $200 Million Investment

BeritaSatu
August 31, 2023 | 12:53 pm
SHARE
The photograph of PepsiCo products published on the company's website. (Photo courtesy of PepsiCo)
The photograph of PepsiCo products published on the company's website. (Photo courtesy of PepsiCo)

Cikarang. US food and beverage giant PepsiCo has announced a substantial investment of $200 million to build a new snack factory in Indonesia. This move marks the company's return to the country after a four-year absence.

The factory, located in the West Java town of Cikarang, is currently under construction and is expected to become operational by 2025.

Encompassing an area of 60,000 square meters, the factory is set to generate a significant number of employment opportunities for Indonesians, PepsiCo Indonesia CEO Asif Mobin said during the groundbreaking ceremony on Wednesday.

The primary focus of the new facility will be the production of snacks to meet the demands in halal-food markets in Indonesia and beyond.

Advertisement

"This venture marks just the beginning of our direct investment in Indonesia. We anticipate the manufacturing of other products on this site in the future," Asif said.

"While our immediate focus is on the Indonesian market, we hold ambitions of supplying export markets from this hub. Recognizing the rapid growth potential of the halal market, our goal is to cater to markets with a strong preference for halal products." 

Tags: Keywords:
SHARE

POPULAR READS


Lifestyle 3 hours ago

Government Grants Operational License to Bullet Train

The train operates along a dedicated railway spanning 142.3 kilometers and is integrated into the commuter system in Bandung and Jakarta.
News 3 hours ago

'Bring it on': McCarthy Responds to Gaetz’s Threat to Oust Him

Democratic Rep. Alexandria Ocasio-Cortez of New York said she would vote to oust McCarthy as speaker if such a vote occurs.
Special Updates 3 hours ago

Pertamina Recovers Rp 850b Land Assets in East Java

The assets which Pertamina has just recovered lie in the East Javan ward of Gunungsari, and span about 583,131 square meters. 
Special Updates 4 hours ago

Pertamina, LKPP Ink Agreement on E-Catalog

Pertamina says it is the first state-owned enterprise to implement LKPP's e-catalog app.
Special Updates 5 hours ago

Pertamina Installs Solar Power for Merbabu Asih

This project is part of the so-called Energy Self-Sufficient Village (Desa Energi Berdikari) program.
COPYRIGHT © 2023 JAKARTA GLOBE. ALL RIGHTS RESERVED