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Unilever Indonesia to spend US$121 million in 2017
Publicly listed consumer goods giant Unilever Indonesia will earmark €115 million (US$121 million) in capital expenditure (capex) this year, mainly to increase the production capacity at its factories.
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The Unilever logo appears at the Unilever De Brug building in Rotterdam, Netherlands. Unilever Indonesia plans to allocate €115 million (US$121 million) in capital expenditure this year. (Courtesy of https://www.unilever.com/-)
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ublicly listed consumer goods giant Unilever Indonesia will earmark €115 million (US$121 million) in capital expenditure (capex) this year, mainly to increase the production capacity at its factories.
Unilever corporate secretary Sancoyo Antarikso said that as the firm had no plan to open any new facilities this year, the allocated funds would be focused on factory upgrades.
“It [expansion plan] will be more of raising the capacity of existing factories, especially for the home and personal care [category] rather than for food and refreshments,” Sancoyo told reporters after the opening of the Indonesia Stock Exchange (IDX) trading day on Wednesday.
The capex planned for this year would be lower than the capex last year of Rp 2 trillion ($150 million), which was used to expand its manufacturing lines, build a new headquarters and finish the construction of a food factory in North Sumatra, the operation of which started last November.
(Read also: Unilever Indonesia stocks see tenfold increase in 35 years)
Unilever’s sales surged by 9.2 percent year-on-year (yoy) in the January-September period last year to Rp 30.1 trillion from 2015, while its net profits rose by 13.6 percent to Rp 4.75 trillion (US$336.34 million).
Currently, Unilever, the local arm of Anglo-Dutch consumer goods giant Unilever NV and Unilever Plc, has 39 brands divided into four categories, namely personal care, home care, food and refreshments. (lnd)
