PepsiCo plans to invest $1 billion in Colombia over the next five years. Colombian President Abelardo De La Espriella announced the investment. He stated the move demonstrates confidence in the nation's economy.
The capital will expand production capacity. It will also modernize facilities and strengthen the company's distribution network. The initiative will boost local employment. It will support over 2,000 farmers and benefit small shopkeepers. PepsiCo currently operates production plants in Funza and Guarne.