SRODA SLASKA, POLAND — PepsiCo, Inc. on Aug. 26 broke ground on its largest and most sustainable food manufacturing plant in Europe.

PepsiCo said it will invest approximately $257.1 million in the facility, which will be the company’s fifth plant in Poland. The new plant will be equivalent to seven soccer fields in size and will be built in a 74-acre plot located in Swiete close to Sroda Slaska within the Legnica Special Economic Zone (Lower Silesia), PepsiCo said. It will be developed in stages with the full construction to be completed by 2025.

The snacks plant will provide the

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  • Net sales surged 20.5% year over year to $19.22 billion, topping expectations of $17.96 billion.
  • Pepsi is seeing a return of demand for its drinks from restaurants and other food-service customers.

We’re performing well against competition: PepsiCo CFO

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PepsiCo on Tuesday reported that its quarterly revenue rose more than 20% from a year earlier as restaurant demand for its drinks returned, fueling an earnings beat.

The company also raised its outlook for its full-year adjusted earnings per share growth.

“A lot of the things we did through the pandemic, continuing to invest in the business,

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