Unilever Announces $120 Million Expansion Plans In Philippines

Unilever plans to invest $120 million over a six-year period to expand its manufacturing operations in the Philippines, as well as adopt sustainable programs under the company's inclusive business model. Data released by the Philippines' Board of Investments revealed the company proposes to allot $90 million for the purchase and installation of manufacturing equipment, which includes the adoption of new technologies to improve production capacities 30 percent by 2020. At present, Unilever's Philippine production capacities stand at 100,000 tons.