President Duque announced that PepsiCo will make an investment of $ 609,000 million in its plant



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Margarita Coneo Rincón – [email protected]

“Today a multimillion dollar investment was finalized in Colombia that reaches $ 609,000 million that will generate more than 4,000 jobs. It is about the modernization of the PepsiCo plant in Funza that will be delivered at the end of this year and represents an important modernization in Guarne, Antioquia. This will be the most modern plant in Latin America for PepsiCo to continue with food processing, “announced President Iván Duque.

The President also affirmed that such a contract represents a 20% increase in the company’s purchases of national potatoes from farmers; This goes hand in hand with the sustainable agriculture and purchasing plan that the government is advancing within the framework of the Orange Economy to which PepsiCo already belongs.

The announcement came after Duque held a meeting with the regional directors of the company that despite the pandemic reports net profits of US $ 2,291 million in its third fiscal quarter, completed in early September, equivalent to an increase of 9% compared to the same period of the previous year.

This new investment of $ 609,000 million in Colombia will unleash new job opportunities in the country, but also sets the course for the growth of the multinational company that is gradually strengthening in other markets such as Europe.

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