PepsiCo to Invest 609 Billion Pesos in Colombian Plants, Creating Over 4,000 Jobs

PepsiCo will invest 609 billion pesos in its Colombian plants, where it will establish its most modern facilities in Latin America, creating more than 4,000 jobs, the government announced this Wednesday.

The President of Colombia reported that he met with executives from the U.S. food and beverage multinational, led by PepsiCo’s CEO for Latin America, Paula Santilli. The President stated: “Today, through this agreement and the way we have been promoting our country, a multimillion-dollar investment in Colombia totaling 609 billion pesos was finalized, which will generate more than 4,000 jobs.”

He explained that the project involves the modernization of the company’s plant in Funza (Cundinamarca), which will feature new facilities starting at the end of this year, as well as a “gigantic investment” in Guarne (Antioquia) to establish “the most modern plant PepsiCo has in Latin America for continued food processing.”

He added that “something very interesting” is that this plant will drive an increase in potato purchases within Colombia. “Thus, we have investment, employment, recovery, and productive chains here,” the Head of State remarked, highlighting that this message “arrives during a time of recovery in our country, as well as during the pandemic, and reaffirms the commitment of foreign investment in Colombia.”