Nestlé To Invest €500.6m In Chocolate And Biscuit Business In Brazil
Nestlé is planning a substantial investment of R$2.7 billion (€500.6 million) into its chocolate and biscuit operations in Brazil by 2026, marking a threefold increase compared to the amount invested in the previous four years.
This multinational Swiss company aims to utilize these funds to both enhance and modernize production lines within its factories while also accelerating the creation of new product offerings.
A significant portion of this investment will be allocated to upgrading and expanding production lines at the Caçapava, Vila Velha, and Marília factories.
These facilities also serve as export hubs for over 20 countries. For example, the Caçapava factory produces the KitKat brand, while Vila Velha focuses on Garoto chocolates, and the Marília unit specializes in biscuits.
According to Patricio Torres, Vice President of Biscuits and Chocolates, the company has consistently and sustainably expanded in the Brazilian market.
Over the last year alone, there has been a 24% increase due to high demand for their chocolate and biscuit products in Brazil.
The company has been actively broadening its chocolate and biscuit brands in recent years, introducing innovative products, experimenting with new formats and flavors, and customizing items for special occasions.
In addition to this investment, it plans to amplify its environmental, social, and governance (ESG) initiatives. This includes the expansion of the Nestlé Cocoa Plan, which is the largest cocoa sustainability program in Brazil.
The program is designed to promote sustainable social, environmental, and economic development across various states. It encourages regenerative agricultural practices, contributing to more sustainable production, soil recovery, improved water resource utilization, reduced carbon footprint, and enhanced food quality.
As part of its commitment to sustainability, Nestlé has set a goal to use 100% sustainable cocoa by the year 2025.
Currently, Nestlé Brazil operates 20 industrial units across eight states and maintains nine distribution centers.