Pepsico chips plant in Azov (Russia) to open October 20

PepsiCo Corporation intends to open a new potato chip plant in Russia on October 20.

PepsiCo says its new Azov plant, on which construction commenced last year, will boost production capacity for Frito-Lay in Russia by 50%, to 90,000 tons annually, with local potato growers expected to cash in on the increased demand.

PepsiCo Chief Executive Indra Nooyi says the plant reflects the company’s confidence in the Russian market

"Russia is on the road to steady growth. We're very bullish. According to the data posted by Euromonitor International, in 2008, sales of snack products in Russia reached almost $ 3 billion and the forecast for the next 5 years is a 100% growth of the market sales"

PepsiCo’s first snack food plant was constructed in Kashir in the Moscow Region in 2002.