PepsiCo will invest $1 billion in Colombia over the next five years to expand manufacturing, modernize facilities, strengthen distribution and support agricultural initiatives, Colombian President Abelardo De La Espriella said. The program is set to support employment, more than 2,000 agricultural producers and independent retailers. PepsiCo operates facilities in Funza and Guarne and maintains purchasing relationships with regional farmers. The announcement followed a weeklong New York visit by Colombian Vice President José Manuel Restrepo and the country’s economic team, which met more than 100 corporate and investment representatives. PepsiCo shares fell 0.2% to $128.39 in premarket trading.