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

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.