US beverage giant Pepsico wants to invest billions in Mexico
The US beverage group Pepsico plans to invest four billion US dollars (around 3.6 billion euros) in projects in Mexico over the next two years. Coca-Cola's competitor announced on Monday (local time) that the construction of a new plant in the Mexican state of Guanajuato is also planned.
"This investment will focus on strengthening our agricultural model, infrastructure, sustainability agenda and community development programmes," says the lemonade and snack producer's statement. The plans are to be implemented between 2019 and 2020 and create 3000 new jobs. One billion US dollars (around 892 million euros) is to be spent on local raw materials, according to the figures.
The fact that the US beverage giant is investing in neighbouring Mexico of all countries is not without political explosives. US President Donald Trump had campaigned to promote employment growth in the USA. He threatened companies who wanted to relocate their jobs abroad with consequences./aso/DP/mis (dpa)
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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