Company Special: Tingyi-PepsiCo alliance in China progressing well

The strategic alliance between Tingyi Holding and PepsiCo is off to a strong start, "generating positive results for both companies since it was formed last year", according to a statement released by the two beverage giants.

Tingyi, maker of the popular Master Kong brand, is one of the leading food and beverage companies in China. Its alliance with global giant PepsiCo was finalized in March 2012.

Following the agreement Tingyi has expanded production and distribution of PepsiCo brands throughout China by adding more than 35 manufacturing lines to produce international PepsiCo products, including both carbonated and non-carbonated drinks.