Unilever To Build $35 Million Factory In Cuba
The Anglo-Dutch multinational Unilever is to enter an agreement with Cuba’s national enterprise board to create a large-scale factory designed for the production of its hygiene and beauty products, lsa-conso.fr reports.
The newly amalgamated company, Unilever-Suchel SA, will build the facility worth $35 million in an industrial development zone in Mariel, 50 kilometres west of Havana. Unilever will maintain a 60 per cent holding in the business.
Produced at the factory will be Unilever shampoos, dental products and deodorants, as well as a number of its laundry products.
Unilever’s presence in the state-controlled industrial-development area makes it the ninth multinational to locate there. The plant will be operational in 2017.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Peter Donnelly. To subscribe to ESM: The European Supermarket Magazine, click here.