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Unilever goes inland with plans for plant
Unilever, the world's second-largest consumer goods maker, will sign an agreement today to build a 300 million-yuan (US$47.6 million) manufacturing facility in Sichuan Province as it expands inland.
The first phase of the 266,800 square-meter facility will enable Unilever to manufacture its full range of products. The park will be the Anglo-Dutch conglomerate's third plant in China as Unilever strives to achieve a five-fold increase in China business by 2020. Its two other plants are in Hefei, Anhui Province, and Tianjin,
Emerging markets are playing a key role in Unilever's global business strategy," Paul Polman, the firm's global CEO, said on the sidelines of the World Economic Forum in Tianjin earlier this week.
Alan Jope, president for Unilever North Asia, said in April the firm's China sales will grow by double digits to 50 billion yuan a year by 2020.
In the first half of this year, Unilever's global sales rose 11.5 percent to 25.4 billion euros (US$32.8 billion) while profit gained 1 percent to 2.4 billion euros. Over 60 percent of its sales come from emerging markets.
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