Nestle Investing in Brazil
March 15/Sao Paulo, Brazil/AE Brazil Newswire -- The Brazilian unit of Swiss food giant Nestlé will invest R$200 million ($120.5 million) to build a factory in Três Rios in Rio de Janeiro state, business daily Valor Econômico reported. The new plant will produce milk-based beverages, Valor said, without citing its sources. Nestlé already owns an ice cream factory in Rio.
From the March 16, 2011, Prepared Foods' Daily News
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