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Tingyi And PepsiCo Open New Beverage Plant In China

The facility was built in accordance with criteria set by Leadership in Energy and Environmental Design (LEED), the world's leading green building standard. The technologies installed in the facility are expected to reduce energy consumption by 29 percent and water usage by 20 percent compared to the standard beverage plants in China, which has the dual benefit of reducing operating costs and achieving important environmental objectives.

The Tingyi-PepsiCo system now includes four LEED-certified plants in China, with Zhengzhou joining beverage manufacturing facilities in Chongqing, Nanchang, and Kunming.

PepsiCo and Tingyi completed their strategic beverage alliance on March 31, 2012.  The alliance provides Chinese consumers with several of the country's most popular beverage products, including: Pepsi-Cola, China's top-selling cola; Mirinda, China's top-selling flavored carbonated soft drink; Gatorade, one of China's top-selling sports drinks; China's top-selling tea and water brands, sold under the Master Kong brand name; and China's largest juice portfolio.

PepsiCo's expansion in China is part of the company's overall plan to drive growth in emerging and developing markets around the world. PepsiCo nearly tripled its business in emerging and developing markets from $8 billion in annual revenue in 2006 to $22 billion in 2011.

About Tingyi Holding Tingyi Holding Corp. is China's leading food and beverage company that specializes in the production and distribution of instant noodles, beverages and baked goods in the PRC. Tingyi started its instant noodle segment in 1992 under the brand of Master Kong, and expanded into the bakery segment and beverages in 1996. The philosophy of Tingyi is to provide consumers with safe, tasty quality products with value for money. With sophisticated production processes, outstanding operation, innovative products and CSR campaigns, Tingyi is widely respected in China's consumer industry. Continuous attention to operations at the community level in the past 20 years has made "Master Kong" one of the most recognized brands. The Company has also made big contributions to rural, agricultural and farmers' development. For three consecutive years from 2008 to 2010, Tingyi was named one of the 50 best listed companies in Asia by Forbes for its solid financial track record and excellent management and entrepreneurial skills. As of September 30, 2012, market capitalization of the Company exceeded US$ 16.9  billion.  The company is one of the constituents of Hong Kong Hang Seng Indexes (HSCI).  For more information, please visit www.masterkong.com.cn .

About PepsiCoPepsiCo is a global food and beverage leader with net revenues of more than $65 billion and a product portfolio that includes 22 brands that generate more than $1 billion each in annual retail sales. Our main businesses – Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola – make hundreds of enjoyable foods and beverages that are loved throughout the world. PepsiCo's people are united by our unique commitment to sustainable growth by investing in a healthier future for people and our planet, which we believe also means a more successful future for PepsiCo. We call this commitment Performance with Purpose: PepsiCo's promise to provide a wide range of foods and beverages for local tastes; to find innovative ways to minimize our impact on the environment by conserving energy and water and reducing packaging volume; to provide a great workplace for our associates; and to respect, support and invest in the local communities where we operate. For more information, please visit www.pepsico.com.

 

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