Nestle makes big investment in Brazil

|About: Nestlé S.A. (NSRGY)|By:, SA News Editor

Nestle (OTCPK:NSRGY) plans to invest up to 1B Brazilian reais (~$248M) in Brazil over the next three years in an effort to install new production lines and technologies in existing factories. Some of the funds are also being earmarked for digital transformation and startup acceleration initiatives.

The company is making the investment in properties located in the Sao Paulo state.

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