{"id":55035,"date":"2023-08-30T19:01:39","date_gmt":"2023-08-30T23:01:39","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/pepsico-returns-to-indonesia-breaks-ground-for-snack-factory\/"},"modified":"2023-08-30T19:01:43","modified_gmt":"2023-08-30T23:01:43","slug":"pepsico-returns-to-indonesia-breaks-ground-for-snack-factory","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=55035","title":{"rendered":"PepsiCo returns to Indonesia, breaks ground for snack factory"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: A view shows a plant of PepsiCo company in Azov in the Rostov region, Russia March 9, 2022. REUTERS\/Sergey Pivovarov\/File Photo<\/span>
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By Stefanno Sulaiman<\/p>\n

CIKARANG, Indonesia (Reuters) – U.S. food and beverage maker PepsiCo (NASDAQ:) began building a snack factory in Indonesia’s West Java on Wednesday, marking its return to Southeast Asia’s largest economy after splitting with a local partner two years ago.<\/p>\n

The factory, part of PepsiCo’s $200 million commitment to invest in Indonesia over a 10-year period, is expected to start producing snacks by 2025.<\/p>\n

PepsiCo’s affiliate Fritolay Netherlands Holding B.V. and Indofood CBP, a unit of Indonesia’s largest food company Indofood Group, ended a 30-year joint venture in 2021 without providing any reason, when Indofood bought PepsiCo’s minority stake.<\/p>\n

The JV at the time had manufactured a range of snacks under brands like Lay’s, Cheetos and Doritos. <\/p>\n

Building the new factory without a local partner, PepsiCo pledged to source most raw materials for its snacks, including corn and palm oil, from sustainable sources and to use renewable power sources.<\/p>\n

($1 = 15,255.0000 rupiah) <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: A view shows a plant of PepsiCo company in Azov in the Rostov region, Russia March 9, 2022. REUTERS\/Sergey Pivovarov\/File Photo By Stefanno Sulaiman CIKARANG, Indonesia (Reuters) – U.S. food and beverage maker PepsiCo (NASDAQ:) began building a snack factory in Indonesia’s West Java on Wednesday, marking its return to Southeast […]<\/p>\n","protected":false},"author":1,"featured_media":33045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-55035","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nPepsiCo returns to Indonesia, breaks ground for snack factory | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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