PepsiCo is set to invest $400 million in Vietnam to build two new plants fuelled by renewable energy, according to Reuters.
The announcement coincided with a three-day working visit to Vietnam from over 60 US enterprises, including PepsiCo and Suntory JV, Suntory PepsiCo Vietnam Beverage.
One beverage manufacturing facility, with an estimated cost exceeding $300 million, will be situated in Vietnam’s southern Long An province. Additionally, another facility dedicated to food processing, with an investment of $90 million, will be located in the country’s northern Ha Nam province.
Reuters said that although the Vietnamese government’s report did not give details on the commissioning time for the two factories, PepsiCo had previously stated its plans to start operations at the Ha Nam facility in the third quarter of 2025, after it had been granted an investment certificate late last year.
By Rafaela Sousa
Source: foodbev.com
Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.
The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.
Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.
