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

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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)