Nestle to build infant formula plant in Brazil as part of $393 million investment

Nestle will invest two billion reais in its Brazilian nutrition and health division through 2028. This significant investment includes 600 million reais for a new infant formula factory. The new plant, set to begin operations in 2028, will produce several popular infant formulas. Nestle's nutrition and health business is a key global and Brazilian strategic growth priority. The company also plans to increase production at its existing Aracatuba industrial complex.