By Giulia Petroni

Nestle SA said Thursday that its subsidiary Nestle Australia Ltd. would invest 60 million Swiss francs ($65.5 million) to upgrade its Blayney factory that manufactures Purina PetCare products in New South Wales.

The Swiss food-and-beverage giant said the upgrade will consist of extending existing production areas and installing new equipment to increase production capacity and export growth. The upgrade is estimated to take 18 months.

Nestle has invested almost CHF131 million in the site in the last 10 years, it said.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

July 30, 2020 05:32 ET (09:32 GMT)

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