Reuters | PepsiCo Inc. plans to invest $2.5 billion in China over the next three
years to expand its presence in a major, growing market where its drinks
lag behind rival Coca-Cola Co.
The spending, announced Friday, comes in addition to the $1 billion
investment the soft drink and snack food giant announced in 2008 that
will be completed this year.
Emerging markets, particularly China, are critical growth engines for
soft drink makers, which have have experienced sluggish sales in recent
years in the saturated U.S. market.
