USD160m Lay’s Potato Chips Production Project in Almaty Region
President of PepsiCo Russia, Belarus, Ukraine, the Caucasus, and Central Asia, David Manzini, recently met with Olzhas Bektenov, the prime minister of Kazakhstan, in Astana. The leaders of PepsiCo and Head of State Kassym-Jomart Tokayev talked about the agreements that had been struck during their discussions. They concentrated on building the snacks facility in the Almaty region, which included producing Lay’s potato chips.
Private international investments of USD160m were raised and would go toward building the new facility, as reported by Kazinform News Agency, which cited the government press service.
By transferring innovative technology and localizing production, Kazakhstan will be able to process domestic farm goods at a deeper level than before.
It is predicted to grow into Central Asia’s biggest plant. The facility will open in 2026 with a capacity of 16,000 tons of end goods per year, with an expansion to 21,000 commencing in 2027. Finished items will be shipped to Central Asian nations and others.
The plant’s construction will attract up to 1,000 personnel and create over 350 jobs.
According to Manzini, the firm would mostly buy local raw materials. To supply test batches of potatoes, contracts with farmers in Kazakhstan will be struck. The company’s acquisition goal for 2026–2030 is 50,000–66,000 tons. The waste products from the factory will all be treated and used.
The factory is part of the portfolio of high-priority investment initiatives. 704 projects totaling USD70bn were included in the pool as of the first quarter of 2024. There will be 122,500 new workplaces created overall.
One of the biggest food and beverage corporations in the world is PepsiCo, Inc., which has its headquarters in Purchase, New York. It is among Kazakhstan’s most significant investment partners. More than USD53bn have been invested in Kazakhstan by US businesses during the last two years.
