Unilever chan­nel­ing additional $600m

Enterprise - - News -

An­glo-dutch consumer goods gi­ant Unilever plans to in­vest an additional US $600 mil­lion in In­done­sia. The in­vest­ment will fi­nance the ex­pan­sion of Unilever’s three fac­to­ries in Java. Ear­lier, Unilever has al­ready in­vested €90 mil­lion to build a new, state-ofthe-art per­sonal care fac­tory and to ex­pand ex­ist­ing ice cream and per­sonal care fac­to­ries to in­crease Unilever’s ca­pac­ity for growth and ser­vice in­creas­ing de­mand for beauty prod­ucts and ice cream in In­done­sia and in other parts of Asia and Africa.

These de­vel­op­ments com­ple­ment Unilever’s move to build additional ca­pac­ity in the Home Care and Foods cat­e­gories in In­done­sia this year to de­liver big­ger and bet­ter in­no­va­tion more quickly to con­sumers. Unilever seeks the In­done­sian govern­ment to en­sure the sup­port­ing in­fra­struc­ture.

Ac­cord­ing to Paul Pol­man, CEO Unilever, “Ice cream and soap sales had shown solid growth in re­cent years. The new fa­cil­ity for mak­ing Dove soap would also ful­fill over­seas mar­ket de­mands in ad­di­tion to the do­mes­tic de­mand.”

Susilo Bam­bang Yud­hoy­ono, Pres­i­dent of In­done­sia, re­garded Unilever’s par­tic­i­pa­tion as sig­nif­i­cant in the process of boost­ing In­done­sia’s econ­omy by curb­ing poverty and famine.

Pol­man said In­done­sia played an im­por­tant role in the global econ­omy and Unilever liked do­ing busi­ness in In­done­sia — the main ex­porter in the re­gion for sev­eral Unilever prod­ucts

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