PepsiCo (PEP -0.2%) opens a R&D center in Shagnhai to serve as a hub for product...

|About: PepsiCo Inc. (PEP)|By:, SA News Editor

PepsiCo (PEP -0.2%) opens a R&D center in Shagnhai to serve as a hub for product development. The $40M spend on the facility is called a "game-changer" by a local PepsiCo exec with the primary goal of the company being an increased ability to cater products to local tastes in China.