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Home » Media » Press Releases » In its 25th Year in India, PepsiCo Commissions the First Phase of its Largest and Most Water Efficient Beverage Plant in the Country

In its 25th Year in India, PepsiCo Commissions the First Phase
of its Largest and Most Water Efficient Beverage Plant in the Country

  • Situated in Sri City, AP, the plant will entail an investment of over Rs. 1200 crores, as previously announced

Sri City, India, April 3, 2015: In a significant endorsement of India as a high-priority market, PepsiCo India today announced the commissioning of the first phase of its largest beverage plant in the country, located in Sri City, Andhra Pradesh. When fully functional, the plant will entail a previously announced investment of over Rs. 1200 crores, a re-enforcement of PepsiCo’s long-term commitment to India. The state-of-the-art plant will be the company’s most water efficient plant in the country.

At a ceremony today, at Sri City Industrial Estate, the plant was inaugurated by Honourable Chief Minister of Andhra Pradesh, Sri N. Chandrababu Naidu. PepsiCo leadership was represented by Indra Nooyi, Chairman and CEO, PepsiCo; Sanjeev Chadha, CEO – PepsiCo Asia, Middle East and Africa (AMEA); and D Shivakumar, Chairman and CEO, PepsiCo India.

The company will manufacture a range of beverages, including fruit juice-based drinks, carbonated soft drinks, and sports drinks at the Sri City plant. When fully operational this plant will have nine production lines, the first of which commenced operations with the inauguration.

“We are extremely delighted to be the host to PepsiCo’s state-of-the-art manufacturing plant in the country,” said Sri N Chandrababu Naidu, Honourable Chief Minister of Andhra Pradesh. “Operationalization of this plant has begun a fresh chapter in the industrial journey of the state. The fact that this plant will generate employment opportunities for thousands provides a much needed impetus to economic growth and development of the state.”

“For more than 25 years, PepsiCo has been investing in the Indian economy and its people,” said Indra Nooyi, Chairman and CEO, PepsiCo. “As we move forward into our next 25 years, that commitment is stronger than ever. This plant is an investment in India’s bright future.”

PepsiCo is guided by Performance with Purpose, the company's vision for building a profitable and sustainable 21st century corporation that is a good investment for its shareholders, a good steward of our planet's resources, a good environment for its employees and a good citizen in the communities in which it operates.

“Performance with Purpose continues to fuel our growth and will positively contribute to India's development well into the future," said Nooyi.

In bringing its Performance with Purpose vision to life, state-of-the-art technologies will be installed in the Sri City plant to reduce energy, packaging and water use in its operations. This plant will be PepsiCo’s most water efficient beverage plant in the country. Since 2009, PepsiCo in India has been water positive; through 2013, the Company saved more that it consumed in its manufacturing operations. In addition to our focus on water conservation, the company is committed to work with the communities in the plant neighbourhood and plans to partner with Sri City Foundation to undertake water recharge and rainwater harvesting projects in the neighbouring water shed.

PepsiCo is also committed to building human capital to compete and succeed in the workplace. Its talent sustainability mission has enabled the company to attract, motivate and inspire its associates by providing a safe and inclusive workplace, enabling them to grow professionally while living their values. Accordingly, nearly a quarter of all employees in PepsiCo’s Sri City facility will be women, making it one of the most gender diverse plants in India.

About PepsiCo
PepsiCo products are enjoyed by consumers one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $66 billion in net revenue in 2014, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.

At the heart of PepsiCo is Performance with Purpose—our goal to deliver top-tier financial performance while creating sustainable growth and shareholder value. In practice, Performance with Purpose means providing a wide range of foods and beverages from treats to healthy eats; finding innovative ways to minimize our impact on the environment and reduce our operating costs; providing a safe and inclusive workplace for our employees globally; and respecting, supporting and investing in the local communities where we operate. For more information, visit www.pepsicoindia.co.in

For further details, please contact:

Arpit Garg

Genesis Burson-Marsteller

arpit.garg@bm.com

Mob: +91 9999168913

Sandipan Ghatak

PepsiCo India

sandipan.ghatak@pepsico.com

Mob: +91 9810776182

Cautionary Statement

Statements in this communication that are “forward-looking statements” are based on currently available information, operating plans and projections about future events and trends. Terminology such as “aim,” “anticipate,” “believe,” “drive,” “estimate,” “expect,” “expressed confidence,” “forecast,” “future,” “goals,” “guidance,” “intend,” “may,” “objectives,” “outlook,” “plan,” “position,” “potential,” “project,” “seek,” “should,” “strategy,” “target,” “will” or similar statements or variations of such terms are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward-looking statements. Such risks and uncertainties include, but are not limited to: changes in demand for PepsiCo’s products, as a result of changes in consumer preferences or otherwise; changes in the legal and regulatory environment; imposition of new taxes, disagreements with tax authorities or additional tax liabilities; PepsiCo’s ability to compete effectively; PepsiCo’s ability to grow its business in developing and emerging markets or unstable political conditions, civil unrest or other developments and risks in the markets where PepsiCo’s products are made, manufactured, distributed or sold; unfavorable economic conditions in the countries in which PepsiCo operates; increased costs, disruption of supply or shortages of raw materials and other supplies; failure to realize anticipated benefits from PepsiCo’s productivity initiatives or global operating model; disruption of PepsiCo’s supply chain; product contamination or tampering or issues or concerns with respect to product quality, safety and integrity; damage to PepsiCo’s reputation or brand image; failure to successfully complete or integrate acquisitions and joint ventures into PepsiCo’s existing operations or to complete or manage divestitures or refranchisings; PepsiCo’s ability to hire or retain key employees or a highly skilled and diverse workforce; loss of any key customer or changes to the retail landscape; any downgrade or potential downgrade of PepsiCo’s credit ratings; the ability to protect information systems against or effectively respond to a cybersecurity incident or other disruption; PepsiCo’s ability to implement shared services or utilize information technology systems and networks effectively; fluctuations or other changes in exchange rates, including the potential introduction of new exchange mechanisms in Venezuela; climate change, or legal, regulatory or market measures to address climate change; failure to successfully negotiate collective bargaining agreements or strikes or work stoppages; any infringement of or challenge to PepsiCo’s intellectual property rights; potential liabilities and costs from litigation or legal proceedings; and other factors that may adversely affect the price of PepsiCo’s common stock and financial performance.

For additional information on these and other factors that could cause PepsiCo’s actual results to materially differ from those set forth herein, please see PepsiCo’s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.