Nestlé pours funds into growing Brazilian coffee market
Nestlé wants to manufacture more Nescafé products in Brazil in the future. According to a report by the Reuters news agency, the company is investing one billion reais (CHF176 million) in production capacity there by 2026. Nestlé expects sales of the Nescafé brand in the Brazilian retail trade to grow by up to 15% per year over the next four years, said Valeria Pardal, head of Nestlé's coffee division in Brazil, in an interview with Reuters. This means that Nescafé in Brazil will grow significantly faster than the overall market... Читать дальше...