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Unilever Expands Production Capacity In Russia, Eyes Growth In Fragrance And Cosmetics Segments

July 5, 2013: 12:00 AM EST
Unilever is investing €36 million to double the production capacity of its Severnoe Siyanie factory in Saint Petersburg, Russia, from 90,000 tonnes to 180,000 tonnes. As part of the expansion project, the personal care company will build a 7,500-square meter production facility and renovate and expand the production-and-warehouse facility into a 30,000-square meter complex. Unilever plans to launch by the end of 2014 the fragrance and cosmetics products developed at the facility and which are designed specifically for the Russian market. Fragrance is one of the top 3 health and beauty segments in the country, growing at CAGRs of 10.1 percent and 8.9 percent in value and volume, respectively, according to data from market research firm Canadean.
Michelle Yeomans, "Unilever targets Russian markets with facility investment", Cosmetics Design , July 05, 2013, © William Reed Business Media SAS
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