Unilever Invests in Cuban Market

Jan 15th, 2016

Mino Zaccaro

Unilever is entering an agreement with Cuba's national enterprise board to build a large-scale factory designed for the production of its personal care and beauty products.

Unilever-Suchel SA will build the facility, which will be worth $35 million, in an industrial development zone in Mariel, west of Havana. Unilever will maintain 60% holding in the business.

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The factory will produce shampoos, dental products and deodorants, as well as a few laundry products.

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