Construction on Suntory PepsiCo's largest factory in Asia begins
VOV.VN - Suntory PepsiCo Vietnam Beverage Co., Ltd. started construction on a beverage factory on April 8 in Huu Thanh Industrial Park of Duc Hoa district in the southern province of Long An.
Boasting total investment capital of more than US$300 million, this will be the largest and most modern factory of Suntory PepsiCo throughout the Asia-Pacific region.
When being put into operation, the factory is expected to have a production capacity of up to 800 million litres per year to meet rising demand among consumers and strongly enhance Suntory PepsiCo's leading position within the Vietnamese market.
The factory will be operated by renewable energy such as biomass fuel and solar energy, a factor which will help to significantly reduce greenhouse gas emissions throughout production activities.
This marks a strong step forward for businesses in terms of realising the Vietnamese Government's sustainability commitments, especially the commitment made to reducing net greenhouse gas emissions to zero by 2050.
Jahanzeb Khan, general director of Suntory PepsiCo Vietnam, said the factory will receive the largest investment in the company's history in Vietnam, noting that the state-of-the-art factory will help to raise standards for both productivity and sustainability, thereby paving the way for the company's long-term growth and enhancing its ability to serve consumers.
This is also the firm’s sixth factory in the Vietnamese market, a feat that demonstrates the company's vision in its long-term development strategy in the country.
Upon addressing the groundbreaking ceremony, Nguyen Van Ut, chairman of Long An provincial People's Committee, emphasised the province has so far received large investment from major investors such as Lotte, VinaCapital, Saigontel, Coca-Cola, and Aeon.
These represent positive signs for the province’s economic picture, whilst also demonstrating the rapid economic development of the locality moving forward, he noted.
The selection of Long An as an investment destination of Suntory PepsiCo therefore affirms the locality’s attractiveness in luring foreign investors, especially well-known financiers and leading brands in the world.
Deputy Minister of Planning and Investment Do Thanh Trung said the Vietnamese Government highly appreciates Suntory PepsiCo's continuous investment and sustainable development in the nation.
The company's project in Long An is one of the largest foreign-invested projects in the province and is expected to further contribute to socio-economic development in the Mekong Delta region.
