Nestle plans $393 million investment in Brazil's nutrition and health sector

Nestle announced a 2 billion Brazilian reais (approximately $392.73 million USD) investment in its Brazilian nutrition and health division through 2028. A substantial portion, 600 million reais, is earmarked for constructing a new infant formula factory in Minas Gerais. This significant capital injection aims to expand production capacity and strengthen Nestle's market presence in Brazil's health and nutrition sector.