Unilever will invest around EUR90m (US$118.5m) to boost ice cream production facilities in Indonesia and build a new factory for personal care items.
The giant says it wants to expand its production facilities in Indonesia to drive sustainable growth in the “fast-growing” developing and emerging markets of Asia and Africa.
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The extension to its Walls ice cream factory will make it the largest ice cream factory in Asia. The money will also be used to buy state-of-the-art technology.
Pier Luigi Sigismondi, Unilever’s chief supply chain officer, said the investment is part of the company’s plans to double the size of its emerging markets consumer goods business.
He added: “These new facilities will help us to continue to grow in Indonesia, an important market in which we have strong category positions across our portfolio.
“These markets contribute significantly to the 54% that Unilever currently generates from emerging markets, a figure we expect to rise substantially over the next ten years. We are excited by the enormous possibilities these markets offer and more investments will undoubtedly follow.”
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By GlobalDataThis investment is part of a wider EUR550 million, three-year investment programme in Indonesia.
“With almost 80 years of Unilever history in Indonesia, we have demonstrated long-term commitment to its growth and prosperity so far.
“Our continuing and significant investment in Indonesia shows that we are equally committed to Indonesia’s future growth, economic and environmental development,” said Maurits Lalisang, chairman of Unilever Indonesia.
