Brazil: Nestle to invest $1 billion over three years

Nestle, the consumer goods giant, has announced plans to invest R$7 billion ($1.26 billion) over the next three years to boost production capacity and upgrade its factories.

Brazil is Nestle’s third-biggest market worldwide, behind only the US and China, generating revenues for the company of $5 billion in the past year

The investment includes R$500 million ($90 million) announced in May for its Brazilian coffee operations.

The company will use the investment to extend its Dolce Gusto capsule factory in Montes Claros (MG), launch a new soluble coffee line in Araras (SP), and expand its Nestle Professional beverage machine base to 30,000 units globally by the end of 2025.

Elsewhere, the company is expanding its Vila Velha plant with new production lines for chocolates, bonbons and chocolate biscuits, and planning upgrades to its infant formula facility in Ituiutaba.

Commenting on the move, Nestle Brazil CEO Marcelo Melchior said: “Our focus is on strengthening our core business, premiumizing categories and accelerating brands with high potential”.

Source: CNN Brasil / ESM