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Nestle to double investments in Brazil in 2022 as it expands output capacity -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Nestle’s logo was seen at Konolfingen in Switzerland, September 28th 2020. REUTERS/Arnd Wiegmann

SAO PAULO, Reuters – Nestle SA said Tuesday that it would almost double its investment in Brazil by 2022 compared to a year ago as it constructs a pet food factory in Brazil and seeks to increase its industrial production capacity.

Nestle said the annual investments will exceed 1.8 billion reais ($355.59 mln), which was up from 939 mln reais in 2021. Nestle added that 40% of this total amount would be received by its Purina facility in Santa Catarina, which has already begun construction.

($1 = 5.0620 reais)

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