US Pepsico Set To Break Ground On New Potato Chip Plant In Kazakhstan
Date
9/13/2024 3:08:36 AM
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, September 13. PepsiCo plans
to invest $160 million in constructing a new potato chip plant in
Kazakhstan, Trend
reports via Kazakh Invest.
It was mentioned at the meeting between PepsiCo executives and
Kazakhstan's Deputy Foreign Minister Alibek Kuantyrov that this
investment will improve relations between the two countries and
show how appealing Kazakhstan is becoming to foreign businesses.
The project will help local farmers and advance the economic growth
of the area.
The plant, which will be located in the Almaty region, will
create 350 jobs and support the development of the agro-industrial
sector, while local raw materials will be used in the production
process. In the first stage, the enterprise's capacity will be
14,000-16,000 tons of products, with a further increase up to
21,000 tons. The first phase of construction is expected to be
completed by 2026.
PepsiCo representatives expressed gratitude to the government
for the support, emphasizing that this project is only the
beginning of the company's large-scale investments in the region,
and added that the company plans to actively cooperate with local
suppliers and expand production to meet demand both in the domestic
market and in Central Asian countries.
To note, the plant will be PepsiCo's first major food production
project in Kazakhstan, further strengthening the company's presence
in the country.
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