Nestle will invest 200 million euros ($220 million) to expand its production of Perrier bottled water by 40% by 2020. Panjiva data shows Perrier exports to the U.S. have grown by 29% in the 12 months to May 31 on a year earlier. That has lagged total mineral water imports which expanded 59% over the same period. Perrier shipments have also fallen more recently, with a 17% drop in the past quarter compared to a 9% growth for the industry.