PepsiCo is set to invest $400 million in Vietnam to build two new plants fuelled by renewable energy, according to Reuters.
The announcement coincided with a three-day working visit to Vietnam from over 60 US enterprises, including PepsiCo and Suntory JV, Suntory PepsiCo Vietnam Beverage.
One beverage manufacturing facility, with an estimated cost exceeding $300 million, will be situated in Vietnam’s southern Long An province. Additionally, another facility dedicated to food processing, with an investment of $90 million, will be located in the country’s northern Ha Nam province.
Reuters said that although the Vietnamese government’s report did not give details on the commissioning time for the two factories, PepsiCo had previously stated its plans to start operations at the Ha Nam facility in the third quarter of 2025, after it had been granted an investment certificate late last year.
By Rafaela Sousa
Source: foodbev.com
Barry Callebaut has named Natasha Chen president of its North American division, effective Sept. 16. She will succeed Ben De Schryver, who will leave Barry Callebaut to “pursue other opportunities,” the company said. In her new role, Chen will manage the company’s North American business in the United States, Mexico and Canada.
Global snacking company Pladis has opened a new headquarters in Jeddah, Saudi Arabia. The site marks a milestone in Pladis’ strategic growth and expansion in the Middle East, North Africa and India (MENAI) region.
Located in the Zahran Business Center in Jeddah, the new office is equipped with new technology and was designed with a focus on sustainability.
Ferrero has announced the official European launch of a plant-based version of its iconic global hazelnut spread, Nutella. Beginning its roll-out with select European markets in autumn 2024, the new plant-based Nutella will soon be available to consumers in local supermarkets in a 350g jar.
