PepsiCo to invest US$1 billion in Colombia over five years

BOGOTÁ — PepsiCo will invest US$1 billion in Colombia over the next five years to expand production, modernize its operations and strengthen its distribution network across the country.

The announcement was made by Colombian President Abelardo De La Espriella, who presented the investment as a sign of private-sector confidence in the Colombian economy. 

The amount represents approximately US$200 million per year. According to De La Espriella, the investment is expected to support employment, strengthen the agricultural sector and benefit local commerce.

The president said more than 2,000 farmers could benefit from the expansion as PepsiCo strengthens its supply and distribution network.

Details have not yet been released on how the US$1 billion will be divided among plants, machinery, logistics and other projects, or how many new direct jobs will be created.

PepsiCo already works with thousands of farmers and shop owners in Colombia. According to company figures, its social, environmental and commercial programs have benefited thousands of people in different regions of the country.

The announced investment represents a significant expansion of PepsiCo's presence in Colombia over the next five years.