Capital Region Economic Development Council and NYSERDA Announce Pepsi Beverages Company Investment in Latham Bottling Facility Improvements
The Capital Region Economic Development Council (CREDC) today announced that Pepsi Beverages Company (PBC) invested nearly $10 million in its Latham, N.Y., bottling facility for a project that replaced merchant-supplied bottles with energy-efficient, onsite, plastic bottle production. As part of Governor Andrew M. Cuomo's Regional Council initiative, PBC received $286,000 from the New York State Energy Research and Development Authority (NYSERDA) for the project. PBC created five new jobs as a result of this manufacturing process change and investment. A total of 325 employees now work at the Latham facility, 167 of them in manufacturing.
"Governor Cuomo's Regional Council initiative is helping to grow business and support our communities through a transformational approach to economic development that allows each region of New York State to invest in its own economic destiny," said Jessica Gabriel, Empire State Development Capital Region Regional Director and CREDC Executive Director. "The Capital Region Economic Development Council recognized the importance and impact that the Pepsi Beverages Company project would have on the region as it is not only creating jobs in the area, but also developing a more energy efficient bottling production process that will enable this facility to remain competitive."
The NYSERDA award helped pay for a new bottle production system that has changed the way the bottling plant does business, enabling it to increase production while saving energy. PBC is using state-of-the art, energy efficient blow molding equipment estimated to reduce its energy use by more than 2.4 million kilowatt hours annually, the equivalent of electricity needed to power approximately 350 homes for a year. Additional energy costs are reduced because bottles no longer need to be transported to the Latham facility, and bottle handling and preparation at the plant is reduced. The change in manufacturing process was a critical move for the plant, according to plant officials.
"PepsiCo prides itself on continually looking for ways to invest in energy-efficient innovations that promote environmental sustainability and productivity," said Jim Lynch, senior vice president, Supply Chain, PepsiCo Americas Beverages. "We're thankful for Governor Cuomo's support of our Latham facility and are pleased to bring jobs to the region, as well as skill development to our employees involving high-tech equipment. This manufacturing process change makes the Latham facility a leader in our industry."
Last year, a total of $785 million was awarded through the Consolidated Funding Application (CFA) for job creation and community development projects consistent with each region's strategic plans. The Capital Region was awarded $62.7 million in state support through the Regional Economic Development Council initiative and CFA process for some 88 projects across the region. Pepsi Beverages Company was awarded more than $286,000 from NYSERDA as part of that process.
"Under the leadership of Governor Cuomo, New York State is helping manufacturing companies stay competitive in the global economy while stimulating local economies and creating jobs," said Francis J. Murray Jr., President and CEO, NYSERDA. "I congratulate Pepsi Beverages Company for making this commitment to investing in energy efficiency measures that reduce its energy use and provide environmental benefits at the same time."
Senator Neil D. Breslin said, "I am pleased to see the Pepsi Beverages Company expand its operations here in the Capital District. This investment will not only bring additional jobs to our area, but it will also make the facility more energy efficient. This expansion serves as a great example of how the business and environmental communities can partner together to help move our economy forward. Thank you to Governor Cuomo and the innovative Regional Council initiative, as well as NYSERDA for helping to see this expansion come to fruition."
Assemblyman Robert Reilly said, "Congratulations to Pepsi Beverages Company on its successful bottling expansion in Latham. Innovative business development and job creation are essential components in restoring our National and Regional economy. I believe there are no better examples of this successful strategy than right here in the Capital Region. Thank you to Governor Cuomo and the pioneering NY Works program, as well as all of the business and community leaders who made this expansion possible."
To learn more about each regional council and their economic development plans, visit www.regionalcouncils.ny.gov. For information on how the New New York is working for business, please visit www.thenewny.com.