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Unilever Expands Investment In Russia

October 17, 2011: 08:44 AM EST
Unilever has agreed to build a new sauce factory in Russia’s Tula region. The 50 million euros ($70 million) facility, which will employ 500 people, adds to the company’s sizeable – 1 billion euros –  investment in the country, where it already has seven production plants. The company says the investment in the region is an attempt to boost sales to offset listless performance in Europe and the U.S. Last week Unilever purchased Russian cosmetics group Kalina for 500 million euros.
"Unilever pledges 50 mln euro new Russia investment", Reuters, October 17, 2011, © Thomson Reuters
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