Frito-Lay to Make $70M Investment in Frankfort Plant
FRANKFORT - The Frito-Lay plant in Frankfort is about to receive a multi-million-dollar investment and add nearly four dozen new jobs. PepsiCo Inc. (Nasdaq: PEP), the parent of Frito-Lay, says it intends to invest an additional $70 million in the plant, adding a new snack line and expanding a warehouse.
The company says it expects to add 45 new jobs with the expansion. The announcement comes more than a year after another expansion announcement from Frito-Lay, which involved a $159 million investment and 50 additional jobs.
“Frito-Lay’s continued financial investment in Frankfort, and their desire to create more jobs in our community, reflects a dedication to growth and success while strengthening our local economy,” said Frankfort Mayor Chris McBarnes. “Frankfort is committed to cultivating a pro-growth, business-friendly environment so that companies like Frito-Lay can continue moving their business forward.”
McBarnes says Frito-Lay has been in Frankfort for more than 30 years, employing 1,100 full-time workers at two sites in the city.
Texas-based Frito-Lay runs more than 30 snack manufacturing facilities in the country and produces 17 different snacks at the Frankfort sites.
(photo courtesy of ISF Signs)