Nestle, Arla strengthen positions in Latin America
Nestlé Mexico will finance production and infrastructure and provide technical assistance in the milk and whey supply chains. Arla intends to capture market share in the world's 4th largest dairy market.
As Nestlé Mexico announced plans to invest 700 million pesos (about $53 million) over the next six years to increase milk production in Mexico, the European dairy cooperative Arla said it is taking an ownership position in Brazil’s Vigor.
Nestlé, the international food giant based in Switzerland, said in a statement today that its investment is part of ongoing efforts to build close links with dairy farmers around the world in order to better understand the practical problems that affect their businesses and, ultimately, Nestlé’s over the long term.