Unilever invests in Far East
(€512m) in the next 10 years in Indonesia, an official with its
parent company said Wednesday, Dow Jones reports.
PT Unilever Indonesia plans to invest an estimated $500 million (€512m) in the next 10 years in Indonesia, an official with its parent company said Wednesday, Dow Jones reports.
Niall Fitzgerald, the global chairman of Anglo-Dutch consumer group Unilever, said after a meeting with President Megawati Sukarnoputri that Indonesia is designated by Unilever as a sourcing country for consumer products sold in countries of the Association of the South East Asian Nations.
Unilever Indonesia has been operating locally since 1993 and has invested $250 million (€256m) in the last decade. Unilever Indonesia's shares closed at 18,800 rupiah ($1=IDR8,840) on the Jakarta Stock Exchange Wednesday, down IDR200 from Tuesday.