Pepsi Bottling Ventures Invests $35M to Expand Operating Capacity
August 2, 2022
Bottling Ventures LLC (PBV) made a $35 million investment to install a
new state-of-the-art bottling line at its production facility in
Winston-Salem, N.C. The line will improve efficiencies in the company's
manufacturing operations by optimizing production capacity for some of
the bottler's largest growing brands, including Aquafina and Lipton Tea,
and PBV-owned brand Nature's Twist.
"This investment is a promise to our customers and consumers that we
will continue to meet their beverage needs and demonstrates our
long-term commitment to the region and the State of North Carolina,"
said Derek Hill, President & CEO of PBV. "We're excited about the
opportunities that this new line will afford us as we focus on
innovation and improving efficiencies. This investment allows us to
continue operating at our best and ensures stable and well-paying jobs
for years to come."
The new bottling line will produce millions of cases of beverages per
year and can manufacture bottles made from 100-percent recycled
material. PBV expects to add up to 10 new full-time jobs upon completion
of the project.
connected to the needs of our customers and consumers is at the
forefront of how PBV runs its operations," said Matthew Bucherati,
Senior Vice President of Operations & Supply Chain at PBV. "Running our
operations responsibly and sustainably is paramount. This new line
incorporates the latest bottling technology, allowing us to keep up with
demand while remaining good stewards in communities where we operate.
I'm very proud of this investment and what we're able to deliver to our
customers and consumers."
PBV acquired the 526,000 sq. ft. production facility in Winston-Salem,
N.C. in 2012. In 2021, the company leased an additional 316,000 sq. ft.
warehouse extension due to increased storage needs.
Construction of the new bottling line is scheduled to start in 2023 and
is expected to be operational by the end of 2024.