Unilever Plc will build a new plant in central Turkey at an initial cost of about $100 million to make ice-cream and help boost its leading position in the market, the company said today.
The plant, owned by Unilever’s Turkish unit, will produce Algida ice-creams, which has a 70 percent share in the Turkish market that grew 28 percent to 134 million liters, or 945 million liras ($565 million), in 2010, the company said in an e- mailed statement to Bloomberg. The plant will be built near the central Turkish city of Aksaray, it said.
Unilever’s ice-cream plant in Corlu, near Istanbul, has an annual capacity of 200 million liters, the statement said.
Unilever, which is also producing personal care products, expects 1.2 billion euros ($1.7 billion) of sales in Turkey this year, Izzet Karaca, Unilever’s head in charge of Turkey, said in an interview on July 5.
To contact the reporter on this story: Ercan Ersoy in Istanbul eersoy@bloomberg.net.
To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net.
via Unilever Will Build Turkish Ice-Cream Plant for $100 Million – Bloomberg.