Nestle Invests $393M for Brazil Plant
Nestle will invest nearly $393 million in its nutrition and health division in Brazil through 2028. This includes funding a new infant formula factory in Minas Gerais to boost local supply and future exports.
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NESTLE SA-REG will invest 2 billion reais ($392.73M) in its nutrition and health division in Brazil through 2028. The capital deployment includes 600 million reais dedicated to constructing a new infant formula factory.
