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FBD: Unilever reaffirms commitment to invest in Russia

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Source: Reuters

Unilever eyes Russia investment, recovery

TULA, Russia, March 11 (Reuters) - Consumer goods giant Unilever  is committed to investing in Russia and expects an improvement in market conditions from mid-year, the head of its Russian business told Reuters.

"We continue to invest very strongly in Russia because we believe in the long-term potential of the country. It has 140 million consumers with a very high level of per capita income and high levels of per capita consumption," Sanjive Kakkar told Reuters in an interview.

He said Unilever, the maker of Ben & Jerry's ice cream, Dove soap and Lipton tea, was confident Russia's tough consumer spending climate could improve over the summer months.

Read more [http://uk.reuters.com/article/idUKLDE62A0WG20100311]

 

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Unilever N.V.
Address: Weena 455, 3013 AL PO Box 760 Rotterdam, 3000 DK Netherlands
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About Unilever N.V.

Unilever’s mission is to add vitality to life. We meet everyday needs for nutrition, hygiene and personal care with brands that help people feel good, look good and get more out of life. Each day, around the world, consumers make 160 million decisions to purchase Unilever products. In the United States, the portfolio includes major brand icons such as: Axe, Ben & Jerry's, Bertolli, Breyers, Caress, Country Crock, Degree, Dove personal care products, Hellmann's, Klondike, Knorr, Lipton, Popsicle, Promise, Q-Tips, Skippy, Slim-Fast, Suave, Sunsilk and Vaseline. All of the preceding brand names are registered trademarks of the Unilever Group of Companies. Dedicated to serving consumers and the communities where we live, work and play, Unilever employs nearly 12,000 people in both the United States and Puerto Rico – generating nearly $10 billion in sales in 2008. For more information, visit www.unileverusa.com.

Print | posted on Thursday, March 11, 2010 10:32 AM

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