The number two soft drink maker behind Atlanta-based CocaCola, PepsiCo says it will team up with its largest bottler, Pepsi Bottling Group, to invest $1 billion in Russia over three years. PepsiCo calls it part of a long-term strategy to expand in emerging markets. The investment will be used to boost manufacturing and distribution capacity in Russia - an "attractive growth market." PepsiCo is also opening a new beverage facility this week in Domodedovo and will open a snacks manufacturing plant in Azov later this year. The PepsiCo plant in Domodedovo will produce Pepsi-Cola andother beverages. Purchase, N.Y.-based PepsiCo is the world's second-biggest maker of soft drinks behind Coca-Cola Co.
(Associated Press)
