Nestlé To Invest In Brazilian Bottled Water

The chief executive of Nestlé's Brazilian operations has said the firm plans to invest BRL1bn in the country during 2010. Ivan Zurita said 35% of the investment would go towards new factories and the expansion of existing facilities while the remainder would be used to fund acquisitions. Zurita said the firm would target acquisitions in the bottled water and dairy sectors, and he was in favour of acquisitions as they allowed the firm to gains speed in fighting for the

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