Kazakhstan

PepsiCo to Open $160 Million Snack Production Plant in Kazakhstan by 2026

Kazakhstan to Launch $160 Million PepsiCo Snack Production Plant in 2026

Astana – Kazakhstan is set to introduce a new full-scale snack production plant in 2026, with a total investment of $160 million from American multinational corporation PepsiCo. The announcement was made during a meeting between Kazakh Prime Minister Olzhas Bektenov and David Manzini, President of PepsiCo for Central Asia, Russia, Belarus, and the Caucasus on June 14.

The Prime Minister highlighted that the localization of production and the adoption of innovative technologies will significantly enhance the deep processing of Kazakh agricultural products. The plant, set to be the largest of its kind in Central Asia, will be constructed in the Almaty Region and will focus on producing salty snacks, including the popular Lays potato chips. Initially, the plant’s capacity will reach up to 16,000 tons of finished products annually, with a projected increase to 21,000 tons by 2027. The construction phase is expected to employ up to a thousand workers, and the operational phase will create around 350 skilled jobs.

PepsiCo’s President, David Manzini, expressed the company’s commitment to sourcing raw materials locally, working towards establishing contracts with Kazakh farmers for the supply of test batches of potatoes. The company plans to procure between 50,000 to 66,000 tons of potatoes from 2026 to 2030, with plans for further expansion. The plant will prioritize sustainable practices, aiming to recycle 100% of its waste.

Prime Minister Bektenov emphasized the significance of the project in advancing agricultural development, increasing farmers’ incomes, and bolstering the national economy. The initiative aligns with President Kassym-Jomart Tokayev’s objectives to diversify the economy and is part of the agreements between Tokayev and PepsiCo President Ramon Laguarta.

The plant has been included in a list of priority investment projects under special government supervision. As of the first quarter of 2024, this list consists of 704 projects valued at 32 trillion tenge (US$70.5 billion), expected to generate 122,500 job opportunities.

The United States remains a significant investment partner for Kazakhstan, with over $53 billion invested in the country’s economy in the last two decades. Major American companies such as Chevron, ExxonMobil, Pfizer, General Electric, and Wabtec have successfully operated in various sectors in Kazakhstan, further strengthening economic ties between the two nations.

 

Hostinger

Pools Plus Cyprus

This message was taken from this source and rewritten by artificial intelligence.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button