Pepsi puts money into Russia
NEW YORK — Soft drink and snack maker PepsiCo Inc. said today it will invest $1 billion in Russia during three years.
PepsiCo called it part of a long-term strategy to expand in emerging markets. The investment brings the total investmnent by PepsiCo and Pepsi Bottling Group Inc. in Russia to more than $4 billion.
The money will be used to boost manufacturing and distribution capacity in Russia.