Tingyi, Pepsi Open New Beverage Plant in Zhengzhou, China
Tingyi and PepsiCo (NYSE: PEP) today announced the official opening of a new beverage manufacturing plant in Zhengzhou, China.
The Zhengzhou PepsiCo Beverages Co., Ltd. (Zhengzhou Pepsi) facility is the first plant opened since the two companies formed their strategic alliance earlier this year.
The new plant is part of Tingyi's and PepsiCo's expansion strategy in China, projected to become the world's largest beverage market by 2015. The Tingyi-PepsiCo alliance is already the number one liquid refreshment beverage system in China, with more than 70 plants and a national distribution network.
The Zhengzhou plant also delivers on the pledge made by both companies to support economic development in China's central and western regions.
The official plant opening was attended by Mr. Zhao Jian Cai, Vice