Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Pepsi Pledges to Invest

MOSCOW () -- Pepsi International Bottlers has pledged $300 million in investment over the next five years to develop production and distribution in Kazakhstan and Russia's eastern regions, company officials said Monday.

The investment is aimed at increasing Pepsi production to 100 million liters a year and creating about 5,500 jobs in the region by 2006, the company said in a statement. It is part of a five-year, $550 million investment campaign aimed at recouping market share from rival Coca-Cola.