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
Braun currently serves as EVP and president for international development, overseeing the company’s operating units for Latin America; Japan and South Korea; ASEAN and South Pacific; Greater China and Mongolia; Africa; India and Southwest Asia; and Eurasia and Middle East.
Thompson brings over 35 years of experience in the consumer packaged goods industry, with a strong background in sales, marketing and general management. Before joining Nestlé, he served as CEO of Ghirardelli Chocolate Company and held leadership roles at Clorox Company and Procter & Gamble.
Mondelez International has named Volker Kuhn executive vice president and president of its European division, effective April 1, 2025. Kuhn will replace Vinzenz Gruber, who is set to retire on April 1, 2025. In these new roles, Kuhn will report directly to Dirk Van de Put, chairman and chief executive officer of Mondelez.
