PepsiCo invests USD 100 million in the Star Foods snack factory

by   CIJ News iDesk V
2022-10-04   08:29
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PepsiCo, one of the largest players in the soft drinks and snacks market, announces a USD 100 million investment in three operational production lines and a new automated warehouse, automation capabilities and a new factory masterplan in Popeşti-Leordeni near Bucharest. The investment is to be completed by 2024, resulting in the doubling of production capacity.

"We are pleased to announce a new investment in our snack factory in Popeşti-Leordeni. PepsiCo has been operating and investing in Romania for almost 30 years and we remain committed to further developing the business in the country. Being a production and distribution center for the Central and Eastern European markets, Romania represents an essential market in Europe," said Silviu Popovici, PepsiCo's Chief Executive Officer for Europe.