Item 2. Properties
Item 2. Properties.
Our principal executive office located in Purchase, New York and our facilities located in Plano, Texas, all of which we own, are our most significant corporate properties.
In connection with making, marketing, distributing and selling our products, each segment utilizes manufacturing, processing, bottling and production plants, warehouses, distribution centers, storage facilities, offices, including segment headquarters, research and development facilities and other facilities, all of which are either owned or leased.
Significant properties by segment are as follows:
Property Type Location Owned/ Leased
PFNA Research and development facility Plano, Texas Owned
PFNA Convenient food plant Cedar Rapids, Iowa Owned
PBNA Research and development facility Valhalla, New York Owned
PBNA Concentrate plant Arlington, Texas Owned
IB Franchise Manufacturing plant Lehavim, Israel Owned
EMEA Convenient food plant Leicester, United Kingdom Owned (a)
EMEA Convenient food plant Kashira, Russia Owned
EMEA Dairy plant Moscow, Russia Owned
LatAm Foods Convenient food plant Celaya, Mexico Owned
LatAm Foods Two convenient food plants Vallejo, Mexico Owned
PBNA, IB Franchise Concentrate plant Colonia, Uruguay Owned (a)
PBNA, IB Franchise, EMEA Two concentrate plants Cork, Ireland Owned
PBNA, IB Franchise, EMEA Concentrate plant Singapore Owned (a)
All segments Shared service center Mexico City, Mexico Leased
All segments Shared service center Hyderabad, India Leased
(a) The land on which these properties are located is leased.
Most of our plants are owned or leased on a long-term basis. In addition to company-owned or leased properties described above, we also utilize a highly distributed network of plants, warehouses and distribution centers that are owned or leased by our contract manufacturers, co-packers, strategic alliances or joint ventures in which we have an equity interest. We believe that our properties generally are in good operating condition and, taken as a whole, are suitable, adequate and of sufficient capacity for our current operations.
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