Sunday, December 10, 2023

PepsiCo returns to Indonesia with a multi million investment in a snack factory

Reading Time: < 1 minute
Journalist IBP

Journalist

Mahinda Arkyasa

Editor

Interview

PT PepsiCo Indonesia Food and Beverages (PepsiCo) returns to Indonesia and builds an IDR 3.04 trillion snack factory in Cikarang, West Java.

PepsiCo is returning to Indonesia because of the favorable investment climate in Indonesia, and it is one of the food and beverage companies’ strong considerations for returning to Indonesia.

“Indonesia is one of the largest and fastest growing markets in the world. As many as 48% of the market population in Asia are here, so we cannot pass up this opportunity,” said Parinya Kitjatanapan, CEO of PepsiCo’s Asia Business Unit, August 30, 2023.

Meanwhile, Asif Mobin, CEO of PepsiCo, emphasized that the Cikarang factory will focus on producing snacks to meet the domestic market. PepsiCo will also present various new products in the future.

The company also targets to export various products from the Cikarang factory to countries that prioritize halal products.

Government responded well

Bahlil Lahadalia, Minister of Investment appreciated PepsiCo’s move to build a factory in Indonesia and called it the right step.

“In my opinion, what a loss it would be if friends who carry out industrial processes do not build their manufacturing in Indonesia,” he said.

Previously, Pepsi under the name PT Pepsi Indobeverages had been producing its products in Indonesia since 1996.

At that time, Pepsi and PT Indofood CBP Sukses Makmur Tbk (ICBP) collaborated. However, since 2019 Pepsi has left Indonesia and stopped collaborating with Indofood for unknown reasons.

Journalist IBP

Journalist

Mahinda Arkyasa

Editor

 

Interview

SUBSCRIBE NOW
We will provide you with an invoice for your reimbursable expenses.

Free

New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.

Premium

$550 USD/Year

or

$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.

FURTHER READING

PT AKR Corporindo Tbk (AKRA), a prominent oil distributor, is set to embark on a liquefied natural gas (LNG) project in the Java Integrated Industrial and Port Estate (KEK JIIPE) in Gresik, East Java. 
Trade Minister Zulkifli Hasan has provided remarks on ByteDance Ltd., the parent company of TikTok, purportedly entering into an extensive partnership with PT Gojek Tokopedia Tbk. (GOTO) to create a new e-commerce venture.
Pertamina is looking forward to making the final investment decision (FID) for the LNG Abadi Block Masela project in the Tanimbar Islands, Maluku, in the next one to two years.
PT PLN (Persero) has entered into a business agreement with Hydrogen de France (HDF Energy), a French company, to jointly develop renewable energy projects in Indonesia’s outermost, frontline, and remote areas, known as 3T regions.
PT Surya Semesta Internusa Tbk. (SSIA) is gearing up to enhance the sales of industrial estate land amid the flourishing manufacturing sector in Indonesia.
Harita Nickel (NCKL) is actively securing the long-term nickel supply by exploring untapped mining permits (Izin Usaha Pertambangan or IUP).