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Nestle invests the equivalent of over 240 million Swiss francs in South America

26-Aug-2019

Over the next few years, Nestlé will invest one billion Brazilian real - the equivalent of a good CHF 240 million - in the Brazilian state of São Paulo. New production lines are to be set up at the Caçapava and Araçatuba plants.

In addition, there would be investments in new technologies for manufacturing and products, initiatives for digital transformation and the promotion of start-ups, the Swiss food giant announced on Thursday. Nestlé opened its first Brazilian factory in Araras 98 years ago. In the last two years, the group has already invested over 2 billion Brazilian real. In total, Nestlé has 10 industrial plants and 6 distribution centres in São Paulo /tt/AWP/he (dpa)

Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.

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