{"id":12740,"date":"2021-06-30T12:11:11","date_gmt":"2021-06-30T16:11:11","guid":{"rendered":"https:\/\/afcomunicacion.com\/uncategorized\/pepsico-bets-on-the-dominican-republic-with-caribbean-plant-expansion-and-new-potato-line\/"},"modified":"2021-06-30T12:11:11","modified_gmt":"2021-06-30T16:11:11","slug":"pepsico-bets-on-the-dominican-republic-with-caribbean-plant-expansion-and-new-potato-line","status":"publish","type":"post","link":"https:\/\/afcomunicacion.com\/en\/press-room\/pepsico-bets-on-the-dominican-republic-with-caribbean-plant-expansion-and-new-potato-line\/","title":{"rendered":"PepsiCo bets on the Dominican Republic, consolidating its investment of more than US$30 million with the expansion of its Caribbean Plant and a new potato line"},"content":{"rendered":"<ul>\n<li><span style=\"font-weight: 400\">The new potato line increases Lay&#8217;s production capacity for the local market and export volume to the Caribbean and Puerto Rico, and frees up a dedicated line for plantain production. <\/span><\/li>\n<li><span style=\"font-weight: 400\">With the expansion, <span style=\"color: #005898\">PepsiCo<\/span> contributes to economic recovery by buying more local potatoes from Dominican farmers.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The investment reaffirms <span style=\"color: #005898\">PepsiCo<\/span> in the Dominican Republic as a global agri-food leader and local partner that grows together with the communities where it operates. <\/span><\/li>\n<li style=\"list-style-type: none\"><\/li>\n<\/ul>\n<p><b>Dominican Republic, June 2021.<\/b><span style=\"font-weight: 400\">&#8211; <span style=\"color: #005898\">PepsiCo<\/span>, a global food and beverage leader, is strengthening its presence in the Dominican Republic with a recent investment of more than US$30 million to expand its Caribbean Plant. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The expansion includes the installation of a new potato line capable of producing <strong><span style=\"color: #00a055\">10.9 million units of Lay&#8217;s a month<\/span><\/strong>, a dedicated plantain line and a new raw materials warehouse that doubles storage space, allowing the company to increase the volume it buys from local farmers. Through this investment, the company reinforces its partnership and commitment to the country&#8217;s development and the region&#8217;s economic recovery.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><strong><span style=\"color: #00a055\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-6174 alignleft\" src=\"https:\/\/afcomunicacion.com\/wp-content\/uploads\/2021\/06\/Gerardo-Diaz-de-Leon-presidente-de-PepsiCo-Alimentos-en-Centroamerica-Caribe-y-Cono-Sur-300x200.jpg\" alt=\"Gerardo D\u00edaz de Le\u00f3n, president of PepsiCo Foods in Central America, the Caribbean and the Southern Cone\" width=\"300\" height=\"200\" srcset=\"https:\/\/afcomunicacion.com\/wp-content\/uploads\/2021\/06\/Gerardo-Diaz-de-Leon-presidente-de-PepsiCo-Alimentos-en-Centroamerica-Caribe-y-Cono-Sur-300x200.jpg 300w, https:\/\/afcomunicacion.com\/wp-content\/uploads\/2021\/06\/Gerardo-Diaz-de-Leon-presidente-de-PepsiCo-Alimentos-en-Centroamerica-Caribe-y-Cono-Sur-768x512.jpg 768w, https:\/\/afcomunicacion.com\/wp-content\/uploads\/2021\/06\/Gerardo-Diaz-de-Leon-presidente-de-PepsiCo-Alimentos-en-Centroamerica-Caribe-y-Cono-Sur.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Gerardo D\u00edaz de Le\u00f3n<\/span><\/strong>, president of <span style=\"color: #005898\">PepsiCo<\/span> Foods in Central America, the Caribbean and the Southern Cone, said <span style=\"color: #f76216\"><em>&#8220;we believe in the Dominican Republic and we&#8217;re going for <\/em><\/span><\/span><span style=\"font-weight: 400\"><span style=\"color: #f76216\"><em>more, together&#8221;<\/em><\/span>, adding <span style=\"color: #005898\"><em>&#8220;Dominicans have shown their preference for our products, and this is naturally rewarded by PepsiCo&#8217;s commitment to invest more in the country. The expansion of the Caribbean plant, which produces snacks from the Frito Lay portfolio, involved major civil works and the installation of new technologies that increase production capacity for our beloved Lay&#8217;s brand. This allows us to create more jobs in the countryside, buy more local potatoes from Dominican growers and get closer to our consumers through the colmados&#8221;<\/em><\/span>.  <\/span><\/p>\n<p><span style=\"font-weight: 400\"><span style=\"color: #005898\">PepsiCo<\/span> currently has contracts with farming communities in Constanza, Moca, La Vega and La Canela, which produce an annual average of more than <span style=\"color: #00a055\">9,000 tonnes of potato, plantain and cassava<\/span>, covering more than <span style=\"color: #00a055\">450 hectares of crops<\/span> and supporting hundreds of jobs. Notably, potato production reaches <span style=\"color: #00a055\">7,000 tonnes<\/span>, representing <span style=\"color: #00a055\">8% of the country&#8217;s total production of the tuber<\/span>. <span style=\"color: #005898\">PepsiCo&#8217;s<\/span> farming contracts include training and certification for partner farmers through the company&#8217;s <span style=\"color: #f76216\"><strong>Sustainable Farming Program (<\/strong><\/span><\/span><span style=\"color: #f76216\"><strong><i>Sustainable Farming Program<\/i><\/strong><\/span><span style=\"font-weight: 400\"><span style=\"color: #f76216\"><strong>)<\/strong><\/span>, which aims to ensure standardised sustainable practices across all its operations.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For <span style=\"color: #005898\">PepsiCo<\/span>, its sustainability agenda and strengthening the communities where it operates are an essential part of its Winning with Purpose vision, which seeks to put environmental and social impact goals at the heart of its business strategy, contributing to the goal of building a sustainable food system. <\/span><\/p>\n<p><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-6166 alignleft\" src=\"https:\/\/afcomunicacion.com\/wp-content\/uploads\/2021\/06\/PepsiCo-Dominicana-4-300x200.jpg\" alt=\"PepsiCo Dominicana - (4)\" width=\"300\" height=\"200\" srcset=\"https:\/\/afcomunicacion.com\/wp-content\/uploads\/2021\/06\/PepsiCo-Dominicana-4-300x200.jpg 300w, https:\/\/afcomunicacion.com\/wp-content\/uploads\/2021\/06\/PepsiCo-Dominicana-4-768x512.jpg 768w, https:\/\/afcomunicacion.com\/wp-content\/uploads\/2021\/06\/PepsiCo-Dominicana-4.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>In the Dominican Republic, in 2021 we are investing more than <span style=\"color: #00a055\"><strong>US$230,000<\/strong><\/span> in programmes crucial to the development of our business and communities: water, women&#8217;s empowerment and sustainable agriculture. The programmes include Water for the Planet, in partnership with <\/span><span style=\"color: #f76216\"><i><span style=\"font-weight: 400\">The Nature Conservancy<\/span><\/i><\/span><span style=\"font-weight: 400\"> (since 2018) to restore the <span style=\"color: #00a055\">Santo Domingo Water Fund<\/span> in the Isabela river basin, as well as the regional initiative <span style=\"color: #f76216\">&#8220;Women with Purpose&#8221;<\/span> (in collaboration with FUNDES, operating in the country since 2017), which has so far provided training and economic growth opportunities to nearly <span style=\"color: #00a055\">1,000 Dominican women<\/span>. Finally, the <span style=\"color: #f76216\">New Generation Agriculture Fund<\/span>, launched this year in partnership with the <a href=\"https:\/\/afcomunicacion.com\/sala-de-prensa\/pepsico-y-el-bid-extienden-su-alianza-hasta-2026-para-impulsar-el-crecimiento-social-y-economico-en-latinoamerica-y-el-caribe\/\"><span style=\"color: #00a055\">Inter-American Development Bank<\/span><\/a>, seeks to promote gender inclusion in <span style=\"color: #005898\">PepsiCo&#8217;s<\/span> potato value chain (2021-2023), with a focus on the Constanza valley.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><span style=\"color: #00a055\"><strong>D\u00edaz de Le\u00f3n<\/strong><\/span> says: &#8220;At <span style=\"color: #005898\">PepsiCo<\/span> we work to be faster in the market, stronger in transforming our capabilities and better at creating a positive impact on people and the planet. Local investments like this allow us to move forward as a company while driving the economic recovery the Dominican Republic needs right now and fulfilling our mission of creating smiles with every sip and every bite.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-6172 alignleft\" src=\"https:\/\/afcomunicacion.com\/wp-content\/uploads\/2021\/06\/PepsiCo-Dominicana-1-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/afcomunicacion.com\/wp-content\/uploads\/2021\/06\/PepsiCo-Dominicana-1-300x200.jpg 300w, https:\/\/afcomunicacion.com\/wp-content\/uploads\/2021\/06\/PepsiCo-Dominicana-1-768x512.jpg 768w, https:\/\/afcomunicacion.com\/wp-content\/uploads\/2021\/06\/PepsiCo-Dominicana-1.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>With more than <span style=\"color: #f76216\">27 years of presence in the Dominican Republic<\/span>, <span style=\"color: #005898\">PepsiCo<\/span> continues to build an important legacy in the country, operating through its snack manufacturing plant and sales force to distribute the <span style=\"color: #f76216\">Frito Lay, Gamesa and Quaker<\/span> brands, creating more than <span style=\"color: #00a055\">1,400 direct jobs<\/span>, in addition to those of its bottling partners Cervecer\u00eda Nacional Dominicana (CND, part of AMBEV) and Corripio, companies that distribute the <span style=\"color: #f76216\">Pepsi, Gatorade and Tropicana<\/span> brands through their platforms and export the products to the Caribbean islands. <\/span><\/p>\n<h4><span style=\"color: #0067b2\"><b>About PepsiCo<\/b><\/span><\/h4>\n<p><span style=\"font-weight: 400\"><span style=\"color: #005898\">PepsiCo<\/span> products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $70 billion in net revenue in 2020, driven by a complementary food and beverage portfolio that includes <span style=\"color: #f76216\">Frito-Lay, Gatorade, Pepsi-Cola, Quaker, Tropicana and SodaStream<\/span>. <span style=\"color: #005898\">PepsiCo&#8217;s<\/span> product portfolio includes a wide range of enjoyable foods and beverages, including <span style=\"color: #00a055\">23 brands<\/span> that generate <span style=\"color: #00a055\">more than $1 billion each in estimated annual retail sales<\/span>. <\/span><\/p>\n<p><span style=\"font-weight: 400\"><span style=\"color: #005898\">PepsiCo<\/span> is guided by its vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. <span style=\"color: #f76216\">&#8220;Winning with Purpose&#8221;<\/span> reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of the business. For more information, visit <\/span><a href=\"http:\/\/www.pepsico.com\"><span style=\"font-weight: 400\">www.pepsico.com<\/span><\/a><\/p>\n<h4><span style=\"color: #0067b2\"><b>PepsiCo Cautionary Statement<\/b><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Statements in this communication that are &#8220;forward-looking statements&#8221; regarding <span style=\"color: #005898\">PepsiCo<\/span> are based on currently available information, operating plans and projections about future events and trends. They inherently involve risks and uncertainties. For information on certain factors that could cause actual events or results to differ materially from expectations, please see the documents filed by <span style=\"color: #005898\">PepsiCo<\/span> with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements. <span style=\"color: #005898\">PepsiCo<\/span> undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new potato line increases Lay&#8217;s production capacity for the local market and export volume to the Caribbean and Puerto Rico, and frees up a dedicated line for plantain production. With the expansion, PepsiCo contributes to economic recovery by buying more local potatoes from Dominican farmers. The investment reaffirms PepsiCo in the Dominican Republic as [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":6176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[486],"tags":[2434,2393,2405,2435],"class_list":["post-12740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-room","tag-agricultura-dominicana-en","tag-pepsico-en","tag-pepsico-dominicana-en","tag-planta-del-caribe-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.3 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PepsiCo bets on the Dominican Republic, consolidating its investment of more than US$30 million with the expansion of its Caribbean Plant and a new potato line - AF Comunicaci\u00f3n Estrat\u00e9gica<\/title>\n<meta name=\"description\" content=\"PepsiCo, a global food and beverage 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