1/7/2019

PepsiCo Commissions Sixth Factory in Turkey

US-based food and beverage giant PepsiCo commissioned its sixth production facility in Turkey with a ceremony honored by President Recep Tayyip Erdoğan. Giving an address at the inauguration of the facility located in the country’s Manisa province, President Erdoğan said that the Turkish economy continues to be a safe harbor for international investors despite all of the instabilities that have occurred in surrounding countries. “As we have always expressed, no one who believes, trusts, and invests in Turkey, regrets it. We want all other international corporations to enjoy the opportunities offered by Turkey, just like PepsiCo. The Investment Office directly reports to me. That is so that investors can invest in Turkey with full confidence, knowing that they will have no problem here as the Office is an integral part of the Presidency,” said Erdoğan.

 

The Investment Office has assisted in the realization of PepsiCo’s USD 150 million factory investment in Manisa since its initiation in 2014. The announcement regarding the investment was made in October 2016 during a launch meeting attended by Investment Office President Arda Ermut.

 

Along with the new facility in Manisa, PepsiCo operates three beverage factories in Izmir, Corlu and Adana, and two food factories in Kocaeli and Mersin. PepsiCo has also become the first food plant in Turkey to obtain a Biomethanization Environmental License for its production facility in Kocaeli and is now licensed to generate energy by purchasing organic waste.

pepsico; turkey; investment; fdi; factory

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