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Nestlé to reportedly invest $196.5m to expand Nescafé production in Brazil

The Swiss food and beverage giant is keen to tap into rising coffee consumption among young Brazilians by growing its business-to-business operations in the country, according to Reuters

Coffee consumption among under 24s is 10 times higher than other age groups, according to Nestlé | Photo credit: Daniele D’Andreti

The Swiss food and beverage giant is keen to tap into rising coffee consumption among young Brazilians by growing its business-to-business operations in the country, according to Reuters

Swiss food and beverage giant Nestlé is set to invest R$1bn ($196.5m) in Brazil over the next two years to expand production capacity and out-of-home sales of its Nescafé brand, according to Reuters.

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