Unilever Plans Fivefold Boost in China, Asia Chief Says
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Unilever, the world’s second-biggest consumer-goods company, plans to increase its business in China to as much as five times the current level, Asia chief Harish Manwani said.
“Our business has been growing steadily about 18 percent to 19 percent per annum,” Manwani, president of Unilever’s Asia, Africa, and Eastern and Central Europe operations, told Bloomberg TV in Jakarta at the World Economic Forum on East Asia. “Our commitment in China is to build a business four- or fivefold” what it is now, he said, without giving a timeframe.