The 74,000-sq-m project will be used for multiple products, including the GLP-1 hormone used in its diabetes treatment Ozempic.
Brazil is one of Novo Nordisk’s five biggest markets and the company exports to 70 countries from there, Reuters reports.
Reinaldo Costa, corporate vice president of the Montes Claros facility said it would be a “considerable and significant increase”.
The expanded factory is due to begin production in 2028.
Novo Nordisk has played down concerns over US President Trump’s tariffs, noting it has factories in the US, plans for one of which were announced last June.
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Wegovy-maker Novo Nordisk to build €390m quality control centre Novo Nordisk injects $4.1bn into latest US drug factory Anti-obesity drug maker to spend $6bn on new factoriesNovo Nordisk plans $1bn Brazil expansion Global Construction Review.
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