# Varun Beverages to build Cheetos snack plant in Morocco under PepsiCo deal

Varun Beverages signed an exclusive PepsiCo agreement to manufacture and package Cheetos in Morocco through its subsidiary Varun Beverages Morocco. It will invest Rs 100 crore in a dedicated plant, with commercial production expected from 1 May 2025.

- Type: New facility
- Announced: 2024-02-21
- Where: Morocco, Morocco
- Value: $12.0M (1.00B INR)
- Status: announced
- Products: Cheetos snacks

## Companies

- [Varun Beverages](https://endata.com/companies/7592.md)
- [PepsiCo](https://endata.com/companies/2989.md) (partner)

## Sources

- [business-standard.com](https://www.business-standard.com/markets/capital-market-news/varun-beverages-rises-after-securing-exclusive-cheetos-production-deal-in-morocco-124022100324_1.html), 2024-02-21: "Varun Beverages will invest Rs 100 crore to build a dedicated manufacturing facility."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.