PepsiCo has decided to halt the construction of two factories in Uzbekistan, citing concerns over the proposed introduction of an excise tax on soft drinks. Muzaffar Salizhanov, the Director of Innovation at PepsiCo Bottler in Uzbekistan, shared this information with Kursiv.
One of the suspended projects was slated for implementation in the Dzhambai district of the Samarkand region and had the potential to attract $120mn in investments into Uzbekistan's economy.
The Uzbekistani government is contemplating the imposition of an excise tax amounting to UZS 500 ($0.040) per liter of sweet carbonated beverages. This initiative, if approved, is expected to take effect from the beginning of April next year.
Established in 2011 through a partnership with the local manufacturer Sibur, JV International Beverages Tashkent LLC (IBT) has become a thriving PepsiCo bottler in Central Asia. It currently oversees the production of various brands, including Pepsi, Lipton, Adrenaline Rush, Mountain Dew, Mirinda, and 7UP.
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