Brazil: Nestle to invest US$135 million on its Brazilian business

Multinational food and drinks giant Nestle has announced its plans to invest R$762 million (US$135 million) on its Brazilian operations during this year.

This investment will be divided into different company’s projects, building new manufacturing lines or modernize existing ones in the facilities of Sao Paulo, Espirito Santo, Bahia, and Minas Gerais. The investment will be also used to increase production efficiency and develop the technical skills of the collaborators.

According to sources, Nestle will increase investment by 40% compared to last year, which had spent R$544.6 million.

Luis Garcia Prieto, technical & production vice-president of Nestle Brazil, said: “We maintained the investments planned for the year 2020 in hundreds of projects carried out over this period, especially in the opening of production lines, modernization and new technologies in the manufacturing units.”

Sources: Giro News