Kraft moving chocolate production to Brazil?

The U.S. doesn’t need to lose anymore jobs, but Kraft just announced they will build a new plant in Brazil.

“Brazil is one of 10 priority developing markets where we’re making big bets. Today, we’re among the fastest growing consumer goods companies in markets like Brazil, India and China. We’re excited to build on what’s working by making our biggest investment in Brazil in more than 10 years!”-Sanjay Khosla, Kraft Foods

Kraft will build an $80 million chocolate factory in Pernambuco, Brazil.  They hope to have it up and running by 2012.