Nestlé Invests In Brazilian Dairy But Growth Dampened

摘要

Food giant Nestlé has announced it will invest BRL163mn n(US$97mn) to build a new dairy factory in Três Rios in the state nof Rio de Janeiro. The plant will have capacity to produce 124,000 ntonnes of milk products per year and focus on UHT and ready-to-ndrink sectors. The move underlines the signifcant scope for growth nin the Brazilian dairy sector, which is to some extent limited by a nlack of productivity within the underlying dairy sector.