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YOUR FRIENDS' ACTIVITY

    Pepsi plans to share agriculture know-how in China

    AP – Mon, Sep 19, 2011

    PURCHASE, N.Y. (AP) — PepsiCo Inc. said Monday that it will work with the Chinese government to help Chinese farmers learn the latest techniques in agriculture.

    The snack food and beverage giant said it has signed a memo with China's Ministry of Agriculture, where the two sides will build "demonstration farms" to test and showcase the newest techniques in irrigation, fertilization and crop management. The company said the farms will help farmers improve their crop yields and raise their living standards.

    Pepsi said it had already undertaken agriculture projects in China that have helped potato farmers cut down on the amount of water they use, and increase their crop yields.

    Last year, Pepsi announced it would invest $2.5 billion in its China business over the next few years, on top of a $1 billion investment announced in 2008. Those investments include plans for expanded agricultural development.

    PepsicCo shares fell $1.29, or 2 percent, to $60.80 in morning trading as the broader market slumped.

     

    1 comment

    • Octavio
      Octavio  •  8 mths ago
      Who knew PEPSI was in the agriculture business .
      • Lee Toi
        Lee Toi 8 mths ago
        I didn't know also that Pepsi was in the agriculture business despite the fact that I had been patronizing Pepsi-Cola for the last 60 years in my life.
     Post a comment
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