PepsiCo to invest US$400 million on 2 new factories powered by renewable energy

US food and drink giant, PepsiCo Inc has unveiled plan to invest an additional US$400 million to build 2 new factories in Ha Nam and Long An, both powered by renewable energy.

The factory in Ha Nam will be a food processing unit built at a cost of US$90 million whereas the one in Long An with an investment of more than US$300 million will focus on beverages.

Currently, PepsiCo operates 5 factories across Vietnam in HCMC, Dong Nai, Can Tho, Quang Nam, and Bac Ninh.