FMCG major, Unilever Plc is planning to invest _50 million to set up a new aerosol deodorant manufacturing plant in the western Indian state of Maharashtra.
The company said in a statement that the investment will be made in a period of three years and the capacity of the plant will be boosted over the years. It said that the products produced at the plant will sold in India and will also be exported to other countries including Malaysia, Thailand, Singapore and Vietnam.
Unilever is present in India through Hindustan Unilever, which is the largest consumer goods maker in the country now. The manufacturing facility will be located in Khamgaon in Maharashtra and will be one of the 30 new factories being built by the company by 2015. The announcement to invest _50 million in the country coincided with a visit by visit of British Prime Minister David Cameron to its Hindustan Unilever business in Mumbai.
Pier Luigi Sigismondi, Chief Supply Chain Officer, Unilever, said, "Unilever's supply chain is central to the company's delivery of consistent, sustainable and profitable growth. This investment in India is part of our broader expansion plans to help us achieve our ambition of doubling our business, whilst halving our environmental impact."
- The Robot-Snake Charger Designed by Tesla Could Scare you Along with Charging your Car
- Food Industry Consolidations Might be What Activist Investors are Expecting
- BOJ Unchanged About Upbeat Economic Assessment In Spite of Contraction Expected in April- June Quarter
- Friday’s US Jobs Report for July Is Expected to Show Strong Gains
- MH370 Debris Wash Ashore to an Indian Ocean Island