Sector News

Nestle plans first non-European Nescafe Dolce Gusto factory in Brazil

December 19, 2014
Consumer Packaged Goods
(Reuters) – Nestlé plans to open a Nescafe Dolce Gusto factory in Southeast Brazil next year, its first outside of Europe, as the world’s largest coffee company prepares for rising demand in Latin America.
 
Swizterland’s Nestle said it will invest 72 million Swiss francs ($73.48 million) in the factory, which will be based in Montes Clares, in Minas Gerais.
 
The factory will make coffee capsules for the Nescafe Dolce Gusto single-serve coffee system and will supply the domestic market as well as other Latin American countries.
 
($1 = 0.9798 Swiss francs) (Reporting by Martinne Geller in London; editing by Ben Hirschler)

comments closed

Related News

April 14, 2024

McCain Foods completes acquisition of Strong Roots

Consumer Packaged Goods

McCain Foods has completed the acquisition of Irish plant-based frozen food manufacturer Strong Roots. The acquisition follows McCain and Strong Roots’ strategic partnership, which began in 2021 and resulted from a $55 million investment.

April 14, 2024

Cargill’s alternative cocoa collaboration gets off the ground as cocoa prices continue to climb

Consumer Packaged Goods

Cargill partners with Voyage Foods to scale up alternatives to cocoa-based products to meet consumers’ indulgence needs. The commercial partnership will also provide food manufacturers with nut spreads produced with no nut or dairy allergens used in the recipe formulation.

April 14, 2024

L’Occitane stock still halted as owner reportedly tries again to privatize beauty company

Consumer Packaged Goods

L’Occitane International owner Reinold Geiger is reportedly close to taking the company private in a deal with Blackstone. The French skin care company’s filing halted trading of its Hong Kong-listed shares this week. This is the second time in months that the Australian billionaire has attempted a buyout.

How can we help you?

We're easy to reach