
BANGLADESH – Food and beverage major PepsiCo has installed a new manufacturing unit dedicated to making the iconic Lay’s potato chips in Bangladesh.
The “Lay’s Make in Bangladesh” initiative has been taken in partnership with Transcom Consumer Products Ltd, according to a press release. The new line has been installed at its established facility in Bogura.
The company said its aim with this step is to meet “robust and growing local demand” for new formats and flavors of potato snacks. The products made on the site will be sold in the Bangladeshi market.
“The establishment of the manufacturing unit dedicated to making the iconic Lay’s potato chips, at the plant, serves as a powerful testament to Lay’s unwavering commitment to supporting the local community and driving economic growth in the region,” PepsiCo said.
Lay’s has set a target of procuring 10,000 tonnes of high-quality chip-grade potatoes for its plant in Bogura, thanks to its ties with more than 1,200 local farmers with a reliable market through a buy-back arrangement.
Simeen Rahman, the group CEO of Transco, said: “This will usher in a new opportunity of enhancing income avenues for farmers, agro firms, transporters, cold storages, and contractual workforce, bolstering the entire eco-system and driving economic growth in the region.
“We are confident that PepsiCo’s commitment to the market will reciprocate with accelerated growth for the company and its brand Lay’s.”
PepsiCo is organized into seven segments, with India, which covers Bangladesh, belonging to the AMESA division.
PepsiCo AMESA contributed 7% of the company’s revenue and 6% of its core division operating profit in 2022.
PepsiCo Beverages North America breaks ground on Colorado distribution facility
Meanwhile, in the US, PepsiCo Beverages North America (PBNA) has broken ground on its new 115,000-square-foot distribution facility in Colorado Springs.
The facility will span 12 acres—the size of 12 football fields—and include approximately 6,500 square feet of office space, 4,000 square feet for fleet vehicles, and 1,800 square- feet for Pepsi Equipment Services.
With anticipated completion in early 2024, the Colorado Springs facility will expand supply chain operations for popular product brands such as Pepsi, Gatorade, Celsius, and Rockstar; as well as boosting future growth in Southern Colorado.
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