Unilever expands investments in the Philippines with Php4.8B plant in Cavite
British firm Unilever PLC, one of the world’s largest fast-moving consumer goods (FMCG) companies, has reaffirmed its belief in the Philippines as an attractive manufacturing hub by investing Php4.8 billion thru its Philippine subsidiary, Unilever Phils. Inc. (UPI) in putting up a new plant in Gateway Business Park, General Trias, Cavite. “We expressed to President Marcos our long-term commitment to sustainable and responsible growth in the country and we are optimistic that our new Php4.8 billion investment in a future-fit personal care factory in Cavite will contribute to the Philippine manufacturing sector’s competitiveness as we employ highly advanced technologies, with the potential to qualify the facility for the World Economic Forum’s ‘Advanced Fourth Industrial Revolution Lighthouse’,” said Benjie Yap, Unilever Philippines Chairman. Trade Undersecretary and Board of Investments (BOI) Managing Head Ceferino Rodolfo meanwhile said the manufacturing expansion plan of UPI further amplifies the company’s vision to be one of the fast-moving consumer goods (FMCGs) that has retained its manufacturing base here in the Philippines while upgrading its manufacturing operations to become a world-class leader in the production of personal care products. “Unilever’s investment is in line with Philippines vision to be a hub for sustainable manufacturing products powered by renewable energy,” he said. Unilever’s expansion plan involves the manufacturing of personal care products which includes hair care and skin care products as well as deodorants. The BOI recently approved the plan with an annual capacity of 88,000 tons. It will employ up to 130 people. Commercial operations are expected to begin this December 2022 with the formal inauguration of the plant expected in the first quarter of 2023. The company, with global revenues of around US$60 billion annually, has recognized the need for comprehensive solutions to address plastic pollution in the country. As one of the leading consumer goods […]