Unilever to Invest $205 Million in Kenya Manufacturing Plant

Unilever to Invest $205 Million in Kenya Manufacturing Plant

From Capital FM

Unilever, the Anglo-Dutch manufacturer, plans to invest €150 million ($205 million) in a new manufacturing plant in Kenya, global chief executive officer Paul Polman has said.

Polman told President Uhuru Kenyatta at State House Nairobi that the planned investment will cater for the company’s expanding interests in the greater eastern African region, including in Ethiopia and Tanzania.

The investment will also result in skill and technology transfer opportunities, as well as creating hundreds of jobs for Kenyans, he added.

The CEO said the company also planned to expand its existing factories in the lush hill-top farmlands of Kericho, to increase the amount of teas processed there to 50,000 tonnes per year from the current 30,000 tonnes. Unilever was also working with researchers on how to raise tea yield on Kenyan farms by up to 40 percent.

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