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Nestle to double investments in Brazil in 2022 as it expands output capacity – Metro US

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

Logo of Nestle is seen in Konolfingen
Logo of Nestle is seen in Konolfingen

SAO PAULO (Reuters) – Nestle SA said on Tuesday it will almost double its investments in Brazil in 2022 from a year earlier as it builds a new pet food factory and looks to expand its overall industrial capacity in the country.

The annual investments are expected to reach more than 1.8 billion reais ($355.59 million), up from 939 million reais in 2021, Nestle told Reuters, adding that its new Purina plant in the southern state of Santa Catarina – which is already under construction – will get about 40% of the total amount.

($1 = 5.0620 reais)

(Reporting by Roberto Samora; Writing by Gabriel Araujo)

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