Monday, July 13, 2009
PBG Ranks on Black Enterprise Magazine's Top 40 List
For the third year in a row, PBG ranked among the top 40 companies for diversity according to Black Enterprise Magazine. For the full list of companies click HERE
PBG Reports Second Quarter 2009 Results
THE PEPSI BOTTLING GROUP REPORTS SECOND QUARTER 2009 RESULTS
• Comparable Diluted EPS of $0.78; Reported Diluted EPS of $0.96
• Strong Comparable Operating Income Performance in U.S. and Canada Driving Results
• On Pace to Achieve $265 Million in Cost and Productivity Savings for 2009
• Company Confirms Earnings at the High End of its 2009 Comparable Diluted EPS
Forecast of $2.30 to $2.40
For the full press release click HERE
• Comparable Diluted EPS of $0.78; Reported Diluted EPS of $0.96
• Strong Comparable Operating Income Performance in U.S. and Canada Driving Results
• On Pace to Achieve $265 Million in Cost and Productivity Savings for 2009
• Company Confirms Earnings at the High End of its 2009 Comparable Diluted EPS
Forecast of $2.30 to $2.40
For the full press release click HERE
Tuesday, July 7, 2009
Pepsico and PBG to Invest $1 Billion in Russia
Pepsico and PBG to Invest 1$ Billion in Russia
Monday, 06 July 2009 13:07
PEPSICO AND PEPSI BOTTLING GROUP TO INVEST $1 BILLION IN RUSSIA
50 YEARS AFTER RUSSIANS HAD THEIR FIRST TASTE OF PEPSI-COLA
Investments support new beverage, juice and snack infrastructure,
including Domodedovo plant being inaugurated this week
MOSCOW, July 6, 2009 -- PepsiCo, one of the world’s largest food and beverage companies, announced today that it plans to invest US$1 billion in Russia over three years, together with its partner The Pepsi Bottling Group (PBG).
The investment will bring the cumulative investment in Russia by PepsiCo and PBG to over $4 billion and is consistent with PepsiCo’s ongoing strategy to expand in emerging markets.
“I am delighted to announce that over three years we expect to invest $1 billion in our beverage and food businesses in Russia,” said PepsiCo Chairman and Chief Executive Officer Indra Nooyi. “This investment reflects very clearly our great confidence in Russia and our long-term commitment to this very important market.”
Nooyi is in Russia this week to open a new bottling plant outside Moscow, to join a meeting of business leaders convened by Presidents Medvedev and Obama and to mark 50 years since Pepsi-Cola was introduced in Moscow at the 1959 American National Exhibition.
The investment in Russia is funding various programs to expand manufacturing and distribution capacity. In addition to the new beverage facility opening this week in Domodedovo, a new snacks manufacturing plant is expected to open later this year in the southern city of Azov. PepsiCo and PBG also are planning significant investments to build a state-of-the-art warehousing and distribution infrastructure for the Lebedyansky juice business. And PepsiCo, the largest private user of potatoes grown in Russia, plans to continue its substantial investment in local agriculture, applying the latest technology to ensure the highest productivity and quality standards.
These investments continue a major expansion effort by PepsiCo and PBG that began in the late 1990s, with the opening of the companies’ first beverage plant of the modern Russian era, followed by the opening of PepsiCo’s first snack manufacturing facility in Kashira in 2002. In 2008, PepsiCo and PBG invested approximately $2 billion to acquire Lebedyansky, Russia's leading branded juice company.
“Russia is a very attractive growth market,” said PBG Chairman and Chief Executive Officer Eric Foss. “The investments we're making in our Russia business are creating new jobs, providing us with the flexibility to produce a wider range of beverage offerings for consumers, and enabling us to better serve our valued retail partners. Our new plant in Domodedovo reflects our serious commitment to future expansion in Russia. We’re looking forward to playing an active role in the country’s business community for many years to come.”
When operating at full capacity, the Domodedovo plant will be larger than any bottling plant currently in PepsiCo’s global system. It will produce a range of beverage brands, including Pepsi-Cola, Aqua Minerale water and ready-to-drink Lipton Iced Teas (through PepsiCo’s joint venture with Unilever) for sale by retailers across Russia as well as neighboring CIS countries.
The plant incorporates a number of water-saving and energy-saving features designed to reduce its environmental impact. It employs a state-of-the-art water filtration system that uses ozone molecules for purification. It is also the first PBG plant in Russia equipped to produce ultra-light PET plastic bottles on all bottling lines, with labeling technology that uses no glue, less plastic and less energy than traditional labels. In addition, the plant is designed to utilize energy-efficient lighting systems.
Promoting environmental sustainability is a key part of PepsiCo’s “Performance with Purpose” commitment to achieve business and financial success while leaving a positive imprint on society. Consistent with this commitment, PepsiCo said it will also continue to actively support Russian communities through its wide-ranging agricultural program, with initiatives to educate local farmers and help them improve crop yields. Specific activities include grants to academic institutions to support agricultural innovation, and advanced training seminars to promote development-oriented farming among local growers who supply potatoes for Frito-Lay snacks.
50 Years of Pepsi in Russia
Pepsi’s history in Russia began in 1959 when former PepsiCo Chairman and Chief Executive Officer Donald M. Kendall, then Pepsi-Cola International President, personally introduced Soviet Chairman Nikita Khrushchev to Pepsi-Cola at the historic American National Exhibition in Moscow. At that event, visitors sampled some three million cups of Pepsi. Many years later, Kendall reached a landmark barter agreement with the Soviet government, under which his company provided soft drink concentrate in exchange for Stolichnaya vodka. As a result, in 1974 Pepsi-Cola became the first Western consumer product to be made and sold in the Soviet Union with the opening of the initial franchise bottling plant in Novorossisk. Over the years Kendall has remained very active in promoting commercial relations between Russia and the U.S., and in 2004 then-President Vladimir Putin honored him with the Russian Federation’s Order of Friendship at a Kremlin ceremony.
“We are particularly proud that we are marking 50 years since the introduction of Pepsi-Cola to Russian consumers,” Nooyi said. “Today we are optimistic about the future of Russia, and we look forward to continuing to build our businesses here.”
Today PepsiCo and PBG comprise one of the largest food and beverage providers in Russia, and are the leading producers of juices and nectars, ready-to-drink teas, bottled water and savory snacks across the country. In addition to popular carbonated soft drinks Pepsi, Mountain Dew and 7UP, PepsiCo and PBG together offer a broad portfolio of locally relevant brands that Russians know and love, including Ya, Tonus, Fruktovy Sad and Frustyle juices and nectars from Lebedyansky, and a variety of Frito-Lay snacks, such as Lay’s Potato Chips made with potatoes from local farmers, and Hrusteam crispbreads.
Additional information about PepsiCo in Russia is available at www.pepsico.com/russia.
Monday, 06 July 2009 13:07
PEPSICO AND PEPSI BOTTLING GROUP TO INVEST $1 BILLION IN RUSSIA
50 YEARS AFTER RUSSIANS HAD THEIR FIRST TASTE OF PEPSI-COLA
Investments support new beverage, juice and snack infrastructure,
including Domodedovo plant being inaugurated this week
MOSCOW, July 6, 2009 -- PepsiCo, one of the world’s largest food and beverage companies, announced today that it plans to invest US$1 billion in Russia over three years, together with its partner The Pepsi Bottling Group (PBG).
The investment will bring the cumulative investment in Russia by PepsiCo and PBG to over $4 billion and is consistent with PepsiCo’s ongoing strategy to expand in emerging markets.
“I am delighted to announce that over three years we expect to invest $1 billion in our beverage and food businesses in Russia,” said PepsiCo Chairman and Chief Executive Officer Indra Nooyi. “This investment reflects very clearly our great confidence in Russia and our long-term commitment to this very important market.”
Nooyi is in Russia this week to open a new bottling plant outside Moscow, to join a meeting of business leaders convened by Presidents Medvedev and Obama and to mark 50 years since Pepsi-Cola was introduced in Moscow at the 1959 American National Exhibition.
The investment in Russia is funding various programs to expand manufacturing and distribution capacity. In addition to the new beverage facility opening this week in Domodedovo, a new snacks manufacturing plant is expected to open later this year in the southern city of Azov. PepsiCo and PBG also are planning significant investments to build a state-of-the-art warehousing and distribution infrastructure for the Lebedyansky juice business. And PepsiCo, the largest private user of potatoes grown in Russia, plans to continue its substantial investment in local agriculture, applying the latest technology to ensure the highest productivity and quality standards.
These investments continue a major expansion effort by PepsiCo and PBG that began in the late 1990s, with the opening of the companies’ first beverage plant of the modern Russian era, followed by the opening of PepsiCo’s first snack manufacturing facility in Kashira in 2002. In 2008, PepsiCo and PBG invested approximately $2 billion to acquire Lebedyansky, Russia's leading branded juice company.
“Russia is a very attractive growth market,” said PBG Chairman and Chief Executive Officer Eric Foss. “The investments we're making in our Russia business are creating new jobs, providing us with the flexibility to produce a wider range of beverage offerings for consumers, and enabling us to better serve our valued retail partners. Our new plant in Domodedovo reflects our serious commitment to future expansion in Russia. We’re looking forward to playing an active role in the country’s business community for many years to come.”
When operating at full capacity, the Domodedovo plant will be larger than any bottling plant currently in PepsiCo’s global system. It will produce a range of beverage brands, including Pepsi-Cola, Aqua Minerale water and ready-to-drink Lipton Iced Teas (through PepsiCo’s joint venture with Unilever) for sale by retailers across Russia as well as neighboring CIS countries.
The plant incorporates a number of water-saving and energy-saving features designed to reduce its environmental impact. It employs a state-of-the-art water filtration system that uses ozone molecules for purification. It is also the first PBG plant in Russia equipped to produce ultra-light PET plastic bottles on all bottling lines, with labeling technology that uses no glue, less plastic and less energy than traditional labels. In addition, the plant is designed to utilize energy-efficient lighting systems.
Promoting environmental sustainability is a key part of PepsiCo’s “Performance with Purpose” commitment to achieve business and financial success while leaving a positive imprint on society. Consistent with this commitment, PepsiCo said it will also continue to actively support Russian communities through its wide-ranging agricultural program, with initiatives to educate local farmers and help them improve crop yields. Specific activities include grants to academic institutions to support agricultural innovation, and advanced training seminars to promote development-oriented farming among local growers who supply potatoes for Frito-Lay snacks.
50 Years of Pepsi in Russia
Pepsi’s history in Russia began in 1959 when former PepsiCo Chairman and Chief Executive Officer Donald M. Kendall, then Pepsi-Cola International President, personally introduced Soviet Chairman Nikita Khrushchev to Pepsi-Cola at the historic American National Exhibition in Moscow. At that event, visitors sampled some three million cups of Pepsi. Many years later, Kendall reached a landmark barter agreement with the Soviet government, under which his company provided soft drink concentrate in exchange for Stolichnaya vodka. As a result, in 1974 Pepsi-Cola became the first Western consumer product to be made and sold in the Soviet Union with the opening of the initial franchise bottling plant in Novorossisk. Over the years Kendall has remained very active in promoting commercial relations between Russia and the U.S., and in 2004 then-President Vladimir Putin honored him with the Russian Federation’s Order of Friendship at a Kremlin ceremony.
“We are particularly proud that we are marking 50 years since the introduction of Pepsi-Cola to Russian consumers,” Nooyi said. “Today we are optimistic about the future of Russia, and we look forward to continuing to build our businesses here.”
Today PepsiCo and PBG comprise one of the largest food and beverage providers in Russia, and are the leading producers of juices and nectars, ready-to-drink teas, bottled water and savory snacks across the country. In addition to popular carbonated soft drinks Pepsi, Mountain Dew and 7UP, PepsiCo and PBG together offer a broad portfolio of locally relevant brands that Russians know and love, including Ya, Tonus, Fruktovy Sad and Frustyle juices and nectars from Lebedyansky, and a variety of Frito-Lay snacks, such as Lay’s Potato Chips made with potatoes from local farmers, and Hrusteam crispbreads.
Additional information about PepsiCo in Russia is available at www.pepsico.com/russia.
Wednesday, March 25, 2009
Pepsi Bottling Group is named #18 on Diversity Inc's Top 50 employer list
PBG was named number 18 on Diversity Inc's Top 50 employers and we are extremely proud of this accomplishment! Below is a link to the page:
Diversity Inc. has named PBG #18
The PBG press release is below:
“A strong commitment to culture and talent development is more important for companies today than ever before. There are a number of ways in which we are investing in our people at PBG, but none take precedence over our efforts to build a diverse work force,” said PBG Chairman and Chief Executive Officer Eric Foss. “As the retail customers who sell our products, the consumers who buy them and the communities in which we all work and live continue to become more diverse, having a similarly diverse team of employees is critical to our success as a company.”
“The Pepsi Bottling Group has become widely known as a company with an inclusive workforce,” said Luke Visconti, CEO of DiversityInc. “With strong diversity training and metrics to assess its success, PBG is committed to improving its ability to recruit, retain and develop top talent.”
Now in its ninth year, the DiversityInc “Top 50 Companies for Diversity” list is the largest competition of its kind. Over 400 companies participated this year, each completing a comprehensive survey of diversity programs and results. The top companies were found to demonstrate consistent strength in the areas of CEO Commitment, Human Capital, Corporate and Organizational Communications, and Supplier Diversity.
Diversity Inc. has named PBG #18
The PBG press release is below:
“A strong commitment to culture and talent development is more important for companies today than ever before. There are a number of ways in which we are investing in our people at PBG, but none take precedence over our efforts to build a diverse work force,” said PBG Chairman and Chief Executive Officer Eric Foss. “As the retail customers who sell our products, the consumers who buy them and the communities in which we all work and live continue to become more diverse, having a similarly diverse team of employees is critical to our success as a company.”
“The Pepsi Bottling Group has become widely known as a company with an inclusive workforce,” said Luke Visconti, CEO of DiversityInc. “With strong diversity training and metrics to assess its success, PBG is committed to improving its ability to recruit, retain and develop top talent.”
Now in its ninth year, the DiversityInc “Top 50 Companies for Diversity” list is the largest competition of its kind. Over 400 companies participated this year, each completing a comprehensive survey of diversity programs and results. The top companies were found to demonstrate consistent strength in the areas of CEO Commitment, Human Capital, Corporate and Organizational Communications, and Supplier Diversity.
Wednesday, January 14, 2009
3....2....1.....
Pepsi's New Year's Eve commercial "Word Play" was created to celebrate the new Pepsi logo and the start of 2009. Using a series of brightly colored words that evoke joy, the spot celebrates the New Year, a new refreshed outlook on the world and a new time in our history. www.RefreshEverything.com
Tuesday, November 25, 2008
When Pepsi Was a Racial Pioneer
PEPSI IN THE NEWS!
Reprinted: By CARLY BERWICK • Bloomberg News • 2008
NEW YORK -- In 1940, Pepsi-Cola Co. President Walter S. Mack, competing against the behemoth Coca-Cola Co., made a historic marketing decision: to hire the company's first black salesmen to target black consumers.
"The Real Pepsi Challenge: Breaking the Color Barrier in American Business," is a gently didactic exhibition at the Queens Museum of Art. Through news clippings, letters, vintage audio recordings and contemporary video interviews, it tells the story of the 12 black men who worked at Pepsi as their "special markets" sales team from 1940 to 1951.
Blacks made up a consumer market of an estimated $8 billion at the time, yet most corporations, by design or neglect, never considered the demographic in their sales pitches.
Mack's hiring of Herman T. Smith as its first black salesman was so unusual it got a mention in the March 18, 1940, edition of the New York Times, which is reproduced in the exhibition.
So, too, are numerous columns from the Chicago Defender, one of the many black papers that chronicled the comings and goings of the Pepsi salesmen as if they were celebrities -- which, in a way, they were.
Photographs of the Pepsi special-markets team show confident men in fashionable suits. With sugar rationing during World War II, the team sputtered as did Pepsi's fortunes. Then, in 1947, former actor and National Urban League organizer Ed Boyd took over the team and reinvigorated its efforts.
Boyd brought in top talent to sell Pepsi to black consumers and to bottlers, who often required extra convincing to send more soda to black communities.
The segregated South was hostile territory for the salesmen, who had to explain to corporate accounting why they never submitted hotel receipts: Hotels wouldn't let them stay there.
Even Mack and other self-identified liberal Northerners used egregious slurs, and Pepsi itself continued to run racist advertisements. One 1944 ad shows black-faced "natives" hailing the Pepsi skywriters from their tropical island.
Pitch letters, in pristine condition, that Boyd wrote to bottlers are particularly moving. He experimented with innovative marketing strategies, such as offering to print free football schedules for black colleges. One 1948 letter detailing the program begins: "Dear Sir, I am sure you are aware of the interest this Company has shown in worthwhile activities among the Negro race."
This was the advent of niche marketing, and it worked. Sales in targeted communities shot up over one concerted two-week campaign by 13 percent.
PepsiCo Inc. (the company changed its name in 1965) is a sponsor of the exhibition
For the complete story - you can check out the book "The Real Pepsi Challenge" by Stephanie Capparell
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