Business | Mon Feb 18, 2013 11:39am IST

Unilever to invest 50 million euros to set up deodorant plant in India

MUMBAI (Reuters) - Anglo-Dutch consumer goods company Unilever Plc(ULVR.L) said it will invest 50 million euros to set up an aerosol deodorant manufacturing plant in Maharashtra.

The investment will be spread over three years and production capacity will be gradually scaled up, the company said in a statement.

The plant will service demand from India and other South East Asian countries such as Malaysia, Thailand, Singapore and Vietnam.

Unilever operates in India through its arm, Hindustan Unilever (HLL.NS), the country's largest consumer goods maker.

(Reporting by Nandita Bose; Editing by Prateek Chatterjee)

Top India News

Reuters Showcase

Auto Sector

Auto Sector

Ford aims to triple exports from India with $1 billion plant  Full Article 

Micromax Stake

Micromax Stake

SoftBank-led group in talks to buy stake in Micromax - sources  Full Article 

Airwaves Auction

Airwaves Auction

Top three mobile operators spend $13.6 bln in airwaves auction  Full Article 

Insurance Sector

Insurance Sector

Australia's IAG to up stake in joint venture with SBI  Full Article 

Accenture Results

Accenture Results

Accenture raises revenue growth forecast for second time  Full Article 

GAIL's Plans

GAIL's Plans

GAIL seeking 7 LNG cargoes from Oct. 2015-Dec. 2016 - tender document.  Full Article 

Eyeing Pininfarina

Eyeing Pininfarina

Pininfarina confirms Mahindra interest, says no deal yet  Full Article 

SH Kelkar IPO

SH Kelkar IPO

SH Kelkar files prospectus for IPO, seen at around $100 mln  Full Article 

Australia Beat India

Australia Beat India

Smith shines as Australia down India to reach final  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage 

X