PepsiCo Mexico cuts down on sugar and salt by 24% in snacks

MEXICO - PepsiCo Mexico has cut down on sugar and salt across its snacks portfolio by 24% as part of a long-term reformulation strategy designed to reduce added sugars and sodium across products. According to FoodingredientsFirst, Mexico was a pioneer in implementing a sugar tax on sugary soft drinks in a bid to cut alarming…

PepsiCo’s Varun Beverages profit rises 25% with revenue matching estimates

INDIA - Varun Beverages Ltd (VBL), PepsiCo’s largest franchise bottler of soft drinks has reported that its consolidated net profit in the second quarter increased by 24.92% to US$44.14 million while revenue matched estimates, reported Indiainfoline. Profit margin contracted by 150bps year-on-year due to sub-optimal volumes/margins in acquired sub-territories. Also, during the quarter company had…

Pepsico to invest US$100m in China factory to expand production and growth

CHINA – PepsiCo, an American multinational food, snack, and beverage corporation, has made plans to invest US$100 million to expand and renovate a food factory in Shanghai, China. According to FoodBev, the company said it will add a new production line and introduce advanced packaging and warehousing technology at the Songjiang plant. The investment will…

Recycling Partnership and PepsiCo Foundation to boost US residential recycling

USA – The PepsiCo Foundation and national non-profit The Recycling Partnership, have announced the launch of "All In On Recycling" -- the largest ever industry-wide residential recycling challenge to make recycling easier for 25 million families across the U.S. According to PepsiCo, the industry challenge aims to help capture 1.9 million tons of quality recyclable materials over next…

CS Group and Pepsico Foodservice announce plans to expand distribution rights

USA - CS Group and PepsiCo Foodservice have announced the expansion of a distribution agreement that grants PepsiCo exclusive distribution rights to Cool Attitudes Craft Mixers in the United States. Cool Attitudes Craft Mixers are a disruptive entrant in the craft cocktail space, merging premium ingredients with the efficiencies of proven Bag-in-Box beverage dispensing technology.…

PepsiCo enters distribution agreement with Select Harvests branded nuts into China

CHINA – PepsiCo, an American multinational food, snack, and beverage corporation, has entered into a distribution agreement with Select Harvests to bring the Australian company’s Lucky brand of nuts and seeds in China. According to FoodBev, the products will be produced and supplied by select Harvests, while PepsiCo will be responsible for marketing, sales and…

PepsiCo India to reduce salt in snacks and pilot 100% plant-based packaging

INDIA - PepsiCo India has said it will reduce salt content in 75% of its snacks by 2025 as it looks to pilot 100% compostable, plant-based packaging for its popular brands in India this year. The food and beverages company is planning to cut the sodium content in its Lay’s snacks by 13-15% in line with…

PepsiCo India posts mid-single-digit revenue growth in the second quarter

INDIA - PepsiCo India, the food and beverages maker has said its India business recorded solid mid-single-digit organic revenue growth, as a result of stable macro conditions in the quarter ended June 16. The quarter was also helped by continued expansion across its international market given a strong marketplace execution in the period. According to…

PepsiCo India commits to collecting and recycling plastic in Maharashtra state

INDIA - PepsiCo India has announced plans to extend producer responsibility of the government by collecting and recycling PET plastic waste generated in the Maharashtra state. The company said this in line with its commitment to the government's vision and focus on addressing the issue of plastic waste in a sustainable manner. PepsiCo has also…

PepsiCo to launch 100% compostable, plant-based packaging

INDIA - The food and beverage company Pepsico has announced it will be launching 100% compostable, plant-based packaging for its Lay’s and Kurkure snacks products in the fourth quarter this year to address rising concerns around plastic pollution. The launch will enable PepsiCo India achieve 100% recovery and recycling of its plastic waste within a…