Suntory PepsiCo has opened its largest manufacturing facility in Asia in Southern Vietnam, investing $300 million as it expects rising incomes and changing consumer preferences to drive long-term beverage demand. The new plant, located outside Ho Chi Minh City, covers an area equivalent to 25 football fields and will eventually have an annual production capacity of 1.24 billion liters. The facility will produce seven beverages, including Pepsi, Aquafina, and 7Up, and includes the company's fully automated warehouse in Asia. Vietnam is among PepsiCo's top 10 growth markets, and Suntory PepsiCo Vietnam CEO Ashish Joshi said that the company is seeing faster growth in no-sugar products, bottled water, sports drinks, and functional beverages, even as demand for traditional carbonated drinks softens. The project is expected to create around 3,000 jobs across the local supply chain and support local economic growth.
PepsiCo IncPepsiCo's joint venture opens a large plant in a top growth market, driven by rising demand for healthier beverages.
Suntory PepsiCo opens its largest Asian plant in Vietnam, expecting long-term demand growth from healthier drink trends.