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PepsiCo takes on Coca-Cola with Latin American water plan Unlike its US rival, PepsiCo promises to return water to the watershed from which it was taken in countries including Mexico, Brazil, Colombia and Guatemala PepsiCo has announced it will restore and protect a handful of watersheds in Latin American countries in which it operates, including Mexico, Brazil, Colombia and Guatemala. The company announced plans to "replenish" all the water used during manufacturing in high water risk areas by returning it to the watershed from which it was taken.
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