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The 22 acre site will produce concentrates for PepsiCo’s product portfolio and is part of a larger Rs 5,700 crore (US$598.67M) investment pipeline the company has committed to India through 2030.

The transaction involves Ingredion selling a 51% interest in Rafhan Maize for approximately US$165 million, while maintaining roughly a 20% ownership position to support future collaboration and regional growth.

The company reported record sales volumes and stronger revenues in its first annual report as an independent business while continuing to expand its global footprint.

The five year plan aims to create more than two million jobs, raise farm incomes and increase investment in Kenya’s food system.

Media, events and digital solutions company unveil new identity to reflect broader regional footprint and integrated business services.