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

MUMBAI Mon Feb 18, 2013 11:39am IST

Related Topics

Stocks

   

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)

FILED UNDER:

INTERNAL SECURITY

REUTERS SHOWCASE

Setback For Sahara

Setback For Sahara

Supreme Court defers verdict on Sahara plea to raise more debt on hotels  Full Article 

SpiceJet Crisis

SpiceJet Crisis

SpiceJet says fleet grounded on lack of fuel  Full Article 

Drug Patents

Drug Patents

Novartis sues Cipla over respiratory drug Onbrez   Full Article 

Boost for Tata Steel

Boost for Tata Steel

Tata Steel restarts key iron mines amid shortage  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

India Outlook

India Outlook

ADB trims growth forecasts for developing Asia, says India to grow 5.5 pct in 2014  Full Article 

Real Estate

Real Estate

HDFC to raise $500 mln real estate private equity fund - sources  Full Article 

Banking Sector

Banking Sector

Japan banks to bulk up India presence on improving ties   Full Article 

U.S. Spending Bill

U.S. Spending Bill

Obama signs bill $1.1 trillion government spending bill  Full Article 

Reuters India Mobile

Reuters India Mobile

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