Nestlé To Invest €500m In Chocolate And Biscuit Business In Brazil

By: Trademagazin editor Date: 2023. 08. 18. 09:44

Nestlé plans to invest R$2.7 billion (€500.6 million) in its chocolate and biscuit operations in Brazil between now and 2026, which is three times the amount invested in the last four years.

The Swiss multinational intends to use the resources to expand and modernise production lines in its factories and accelerate the development of new products.

A significant part of the announced investment will be put into the modernisation and expansion of production lines at factories in Caçapava, Vila Velha and Marília, which are also export hubs for over 20 countries.

In Caçapava, Nestlé produces the KitKat brand, while in Vila Velha, production is focused on the Garoto brand of chocolates. The Marília unit manufactures biscuits.

According to Patricio Torres, vice president of biscuits and chocolates at Nestlé Brazil, “Nestlé’s Brazilian operation has been growing consistently and sustainably over the years. In the last 12 months alone, we have seen an increase of 24%, based on the high demand in Brazil for the chocolate and biscuit portfolio”.

In recent years, Nestlé Brasil has expanded its chocolate and biscuit brand offering, innovating its portfolio and experimenting with new formats and flavours.

ESM