PEP -- Time to buy? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : PEP -- Time to buy?

PEP 141.60

-0.9%

Nov 6 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: douglas hurd who wrote (96)	4/25/1997 12:23:00 PM
From: Mohan Marette	of 392

PepsiCo-Expands In India. Source: Finacial Express (Bombay-India) Friday, April 25 1997 Pepsi to set up plant in Bangalore OUR BUREAU BANGALORE, April 24: In a bid to enhance its presence in the country, Pepsi is setting up a plant in the city by the end of the current financial year. While land has been purchased in the outskirts of the city, international bids have been floated for its construction and equipment will be sourced from Italy and Germany. Revealing this, executive vice president (marketing) Pepsico India Holding Pvt Ltd Anchal Agrawal said that the plant will be set up at a cost of Rs 35 crore and have an initial capacity of 600 bottles per minute. Agrawal was in the city to launch the company's PET range. The three soft drinks will now be available in the city in PET bottles. He was hopeful that the PET range will capture 25 per cent of the company's sales in the city. The range has been launched in Bangalore after its launch in Delhi and Mumbai last summer and in Chennai recently. Answering queries about the hazards of soft drinks stored in PET bottles, Agrawal said that several studies had revealed the safety of these bottles. The chemical composition of drinks stored in these PET bottles will not be altered in any way. The range will be available in 1.5 litre bottles and is priced at Rs 38 per bottle. Pepsi sources its bottles through the Chennai-based Futura Polymers which is a group company. According to Agrawal, there is a cost advantage to the company since most of Pepsi's competitors source their bottles from foreign manufacturers.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next