Indonesia: Unilever to invest US $500 million in the next five years
FMCG multinational Unilever has announced the investment of US $500 million over the next five years to focus on production expansion in Indonesia.
The investment is planned to be used to expand production capacity of the company's nine factories across Indonesia, it will be mainly used to focus on home and personal care section as well as food and refreshment section.
One of the reasons given for the investment is the growing economic in the country, that is believed to keep growing. Hemant Bakshi, president director of Unilever Indonesia, said “the huge and young population of Indonesia (numbering about 260 million people), growing welfare, and still relatively low local consumption of the company's products are the key factors that will encourage good growth for the company on the long term”.
Source: Indonesia Investments