Bloomberg News

Unilever Turkey Unit to Build New Plant for $100 Million

July 05, 2011

(Updates with chief executive’s comments from first paragraph.)

July 5 (Bloomberg) -- Unilever’s Turkish unit will build a new plant in central Turkey at an initial cost of about $100 million to produce food, personal and home care products, chief executive officer Izzet Karaca said.

Unilever Turkey’s investment “may increase later with additions”, Karaca said in an interview in Istanbul today. The new plant may also have a logistics unit, he added.

The company expects 1.2 billion euros ($1.7 billion) of sales in Turkey this year, according to Karaca.

To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net


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