Frito-Lay Announces 50 New Jobs and a $15 Million Investment at Lynchburg Manufacturing Facility

LYNCHBURG, Va. (June 14, 2001) - Frito-Lay, the world's favorite convenient fun food company, announced today 50 new jobs and a $15 million investment through an expansion of operations at its Lynchburg, Va. manufacturing facility.
The expansion, which includes the installation of a new production line, will support the production of a new bite-size snack product that will be introduced in December 2001.

"The State of Virginia and the City of Lynchburg have been strategic partners for growth over the past few years. What better way to thank them than choose Lynchburg as our site for this operations expansion," said Bob Crain, Vice President, Operations, Southern Region, Frito-Lay.

Equipment installation will begin immediately, with a target completion date in November.

"We are very pleased that Frito-Lay has decided to make this significant investment in its Lynchburg operations," said Mayor Carl B. Hutcherson, Jr. "Three years ago, when Frito-Lay announced its decision to come to Lynchburg, we believed it sent a message throughout the state and beyond that Lynchburg was open for business. Today's announcement is an affirmation of that fact. We thank Frito-Lay and its employees for their continued commitment to this community."

The Lynchburg facility, which opened in 1998, currently employs 300. Today, the 410,000 square-foot facility manufactures Doritos Tortilla Chips, Tostitos Tortilla Chips, Lay's Bistro Gourmet Potato Chips, Lay's Wow! Potato Chips and Santitas Tortilla Chips. More than 23 million pounds of the new bite-size snack product will be produced annually at the site.

"We are pleased to see continued expansion at Frito-Lay's Lynchburg manufacturing and distribution plant," said Secretary of Commerce and Trade Barry E. Du Val. "Frito-Lay continues to uphold its commitment to the Commonwealth both as a business leader and as a good corporate citizen."

Frito-Lay, Inc., headquartered in Plano, TX, is the $11 billion snack food division of PepsiCo, Inc., based in Purchase, N.Y. Frito-Lay is the market leader in half of the world's top 10 snack chips markets, with operations in 44 countries and a family of global, multi-billion-dollar brands including Lay's Potato Chips, Doritos Tortilla Chips, Ruffles Potato Chips, Tostitos Tortilla Chips and Cheetos Cheese Flavored Snacks.

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