date:Jul 18, 2012
Last week the giant and its snack arm Frito-Lay opened its sixth manufacturing facility in China to delve further into the surging US$70.3bn snacks market. It is expected to produce 15,000 tonnes of Lays potato chips annually.
PepsiCo Chairman and CEO Indra Nooyi said the focus will be on catering to local taste preferences as it attempts to expand its hold across central and western China..
Jacob Jiang, analyst at China Market Research (CMR), said that this line of development understanding