PepsiCo, a global food and beverage leader, is nearing completion on a €127 million investment at its Little Island manufacturing facility, which will see the opening of additional manufacturing capacity and further investment in its R&D campus.
Over the last two years, its Cork based workforce has increased by more than 20% and the company currently employs more than 1,250 team members in Ireland – 642 of the total Ireland associate population based in the Little Island, Cork campus.
The €127 million investment for the campus has provided employment to over 700 professionals across PepsiCo’s contracting and vendor partners during design and construction, and also facilitates the ever-growing headcount at the Little Island campus. With more than 40 open roles in Cork currently, the site continues to grow and expand, and this investment provides capability for further growth in the coming years.
Speaking at an event to mark the investment project, Simon Coveney TD, Minister for Enterprise, Trade & Employment said: “PepsiCo has had a presence in Ireland since 1974 and has grown its operations very significantly during that time. This latest significant investment reinforces the company’s recognition of Ireland as a great place to do business.”
REMAINING COMPETITIVE
The announcement was welcomed by Cork Chamber, the voice of business in Cork.
“Cork is an attractive location for FDI investment and we must continue to match the ambition and growth of these global investors by ensuring that our offering remains competitive internationally. Access to housing, a skilled talent pool and the provision of the necessary infrastructure are all key factors,” Conor Healy, CEO Cork Chamber outlined.
“With this and other recent FDI investments in east Cork, it is a reminder of the importance of improvements to infrastructure in the area. It is clear the decision not to fund the N25 Carrigtwohill-Midleton multi modal route must be revisited as an enabler to investment and economic growth.
“Cork remains an attractive location for business and investment, and we must be unrelenting in our ambition to remain competitive.”
