PepsiCo Opens China R&D Center as Competition Heats Up With Coke
This article is for subscribers only.
PepsiCo Inc., the world’s second-largest soft-drink maker, opened its largest research center outside the U.S. in China today, as it seeks to boost sales in the world’s most populous country and the Asian region.
The facility, on which the company has spent $40 million to $45 million, will help tailor beverage and snack food brands to Asian taste buds and develop new products for China and the region, Purchase, New York-based PepsiCo said in a statement today.