Sao Paulo: Nestle will invest 2 billion reais ($392.73 million) in its nutrition and health division in Brazil through 2028, including 600 million reais for a new infant formula ‌factory ⁠in ⁠Minas Gerais state, the company said on Thursday.​The nutrition and health allocation represents about 30% of ​the 7 billion reais Nestle has earmarked for Brazil between 2025 and 2028.The new factory in ⁠the city ‌of Ituiutaba is set ​to ​begin construction in 2027 and begin ⁠operations from 2028. New plant will ​initially produce Nestogeno, Nestonutri, Ninho 1+ ​and Ninho 3+ infant formulas.Nestle said the facility would help increase supply to the Brazilian market, which is currently served in part ‌through imports, and could create future export opportunities."The Nutrition and Health ​business is ​among Nestle's ⁠four strategic growth priorities globally and in Brazil. It encompasses some of the company's highest-value categories," Nestle ​Brasil CEO Marcelo Melchior said.In addition to new plant, Nestle plans to increase production at existing Aracatuba industrial complex in Sao Paulo state.