Pepsico opens R&D centre in China

By Dominique Patton

- Last updated on GMT

Related tags United states China

US soft drinks giant Pepsi opened its first research and
development centre outside the US in Shanghai yesterday, signaling
its commitment to the fast-growing Chinese market.

A spokesman at the firm said the centre, which also includes a new laboratory to analyze and improve food, would develop products to cater to the taste of Chinese consumers.

"It will create both beverages and snacks,"​ he told AP-Foodtechnology.com.

Pepsi is currently involved in around 40 joint ventures and solely-owned ventures in China - its second largest market outside the US - with total investment exceeding US$1 billion.

PepsiCo has previously said it will invest a further $850 million in China in the next three years.

Its sales in the country grew by more than 25 per cent in 2005 and are expected to increase by the same amount again this year, according to Achal Agarwal, PepsiCo's vice president for its beverage unit in Greater China, who revealed the figures in a Reuters interview earlier this year.

He said sales from the company's key beverage unit in China were close to $1 billion in 2005, accounting for some 80 per cent of its sales in the country.

Related topics Business Beverages China East Asia

Related news

Related products

Analyzing the unknown threat from Microplastics

Analyzing the unknown threat from Microplastics

Content provided by Agilent Technologies | 06-Nov-2023 | Infographic

Microplastics are any plastic-derived synthetic solid particle or polymeric matrix, ranging in size from 1 µm to 5 mm and insoluble in water.

Mastering taste challenges in good-for-you products

Mastering taste challenges in good-for-you products

Content provided by Symrise | 12-Sep-2023 | White Paper

When food and beverage manufacturers reduce sugar, salt, or fat and add fibers, minerals or vitamins, good-for-you products can suffer from undesirable...

Functional Beverage Market Insights in ASPAC

Functional Beverage Market Insights in ASPAC

Content provided by Glanbia Nutritionals | 06-Jul-2023 | Product Brochure

High growth ahead for protein beverages makes Asia Pacific (ASPAC) the market to watch. Consumer research shows new usage occasions, key consumption barriers,...

The latest plant-based beverage trends in SEA

The latest plant-based beverage trends in SEA

Content provided by Tetra Pak | 27-Mar-2023 | White Paper

Data shows that consumers’ liking and thirst for plant-based beverages is growing rapidly, especially in Malaysia, Singapore, Philippines and Indonesia....

Related suppliers

Follow us

Products

View more

Webinars

Food & Beverage Trailblazers

F&B Trailblazers Podcast