Pepsico (PEP) Investing $2.5 Billion In China

Pepsico Inc PEP on Friday announced that over the next three years it will invest another $2.5 billion in China. The latest investment brings total announced investments by Pepsico Inc in China to $3.5 billion since 2008. The investments will be used to build 10 to 12 new manufacturing plants, install new production lines at existing plants, start a research and development center and open five new farms to produce potatoes and oats. Pepsico Inc's China operations already consist of 27 beverage and food plants, five farms and over 20,000 employees. Shares of Pepsico Inc were down 1.19% at $63.10 in pre-market trading on Friday morning.