Unilever, one of the oldest conglomerates in Nigeria, has concluded plans to invest about 10 million euros (N4.3billion) in a new plant in the country, as part of its expansion in Africa’s largest economy.


This hint was dropped by the Unilever Executive President/CEO, Mr. Luc-Olivier Marquet during an interview with the MARKETING EDGE team at International Convention Centre (ICC), Durban, South Africa, venue of 2017 Loeries Creative Week.

The Unilever boss who delivered a powerful paper on ‘Creativity and the Role of Major Stakeholders in Building the Brand,’ charged the African Creative people to be more Afrocentric in telling the African story through their creativity.

The new plant is to involve the manufacturing of Blue Band, its flagship margarine brand, which is in high demands in the country. The move will also help the company to further deepen its presence.

Unilever’s expansion plan will make the brand maintain its leadership position in the market, meet growing margarine demands in the country and maintain its competitive edge amongst competitors like Blue Bonnet, Chiffon Margarine and others.

Market analysts believe Unilever’s expansion plans is one of the reasons for its subsidiary’s recent decision to approach the Nigerian Stock Exchange (NSE) to raise about N58.851billion fresh capital through Rights Issue. In the application, Unilever Nigeria will be issuing 1,961,709,167 ordinary shares of 50 kobo each at N30.00 per share to shareholders on the basis of 14 new shares for every ordinary shares held.

The Chairman of Unilever Nigeria, His Majesty Nnaemeka Achebe, the Obi of Onitsha had during its recent Annual General Meeting said the company’s performance showed its commitment to grant shareholders returns on their investments.

The conglomerate rolled out an impressive second quarter 2017 result showing a revenue growth of 58 per cent and a jump in net profit by a massive 3873 per cent Year-on-Year (YoY). Also, it’s quarter-on-quarter (QoQ) review showed a moderate growth rate in revenue at 3.4 per cent while net profit increased by 29.4 per cent. But both the revenue of N22.9 billion and net profit of N2.1 billion were ahead of most analysts’ estimates.

While its revenue continued to benefit from the increase in the prices of key products, recent results suggest that the company is increasing its market share.

There was particularly the recovery in the Personal Care division, wherein revenue growth was 53% in H1. Revenue in this category grew by 73% y/y and 1% q/q in Q2. Revenue in the Home Care division also grew by 77% y/y and 17% q/q, and while Food revenue declined by 2% q/q, it grew by 24% y/y during the review period,” they had stated. Another positive surprise from the second quarter result is the strong rebound in gross margin to 33.2 per cent, from 28.4 per cent in Q1’17, 27.9 per cent in Q2’16, and above analysts’ 28 per cent forecast.

Unilever is a Dutch-British transnational consumer goods company, co-headquartered in Rotterdam, Netherlands and London, United Kingdom. Its products are available in 190 countries.

Industry analysts linked the quick margin recovery in Nigeria to pricing actions, positive mix, and more importantly, exchange rate-linked cost savings. They reasoned this is why the conglomerate was ready to open more investment frontiers in the country.

SOURCE: https://brandspurng.com/unilever-plans-n4-3b-new-investment-in-nigeria/

FTC

Straight...

our corrupt politicians go still chop all

Still don't know what to do with this piece of info

hoping for the best

Good old memorys

when did a king start to become a chairman of company

Nice one. We leads others follow

Deji124:
when did a king start to become a chairman of company

he owns highest shares in Unilever Nigeria

Deji124:
when did a king start to become a chairman of company

What stops a king to become chairman of company? Do you think it is by political appointment? The king is also an investor, so he can be a board member and a chairman. Don't forget that the king was the Vice President of Shell Nigeria.

Tell him ooo

Huge money to be spent here anyways, i don't know how them go invest in naija and them think say people no go chop am... ohhh... i laff in 4D, Commenting from www.safaxnet.com.ng

I can see money in action

Those good old days of Unilever brothers. More investment more jobs.

Deji124:
when did a king start to become a chairman of company

That is to tell you that the obi of Onitsha is not in the leaque of the Afonja agbero kings

Ehuatamuigunisi:


What stops a king to become chairman of company? Do you think it is by political appointment? The king is also an investor, so he can be a board member and a chairman. Don't forget that the king was the Vice President of Shell Nigeria.

Don't mind that dude.....he think that Igbo's crown Agberos that are illiterates kings...

Ehuatamuigunisi:


What stops a king to become chairman of company? Do you think it is by political appointment? The king is also an investor, so he can be a board member and a chairman. Don't forget that the king was the Vice President of Shell Nigeria.

Don't mind that dude.....he think that Igbo's crown Agberos that are illiterates kings...

Before you will be crowned a king in igboland...you must be an intellectual....

Igbo's don't just make anybody king....

That is why Igbo king do not walk around or talk anyhow like the yoruba kings

kayDooo:
he owns highest shares in Unilever Nigeria

Not necessarily. The Alake of Egbaland is the chairman of Oando and I definitely know he is not the highest shareholder.

Deji124:
when did a king start to become a chairman of company

He's also the chairman of Universal Insurance PLC. He sits on many boards and that's a good one for him.
Kings sit on boards too and not just rule over their fiefdoms. Eg Emir Sanusi is the chairman of Black rhino, a subsidiary of the Black Stone Group.

Splashme:
4b naira is such a small amount and didn't require this publicity



#wack

Does your father have 4mil?

anambra419:


Does your father have 4mil?

That was rude. Yes, I also dont think N4billion naira is that huge an investment to require all this publicity considering the fact that they are not raising the money from their company's earnings but from the N50billion rights issue.

Any sound investor can see that Unilever is playing with figures here. What's driving their growth? Pricing actions and exchange rate cross savings are just technical terminologies unless they want to say the CBN is giving them dollars for raw materials at the official rate.
If their H1 result is that fantastic, why dont they raise the money for the new project from their earnings? Watch their next year results and see if it would be this 'good'.

Formerly called Lever Bro. - This Conglomerate and it's ilk were and have been the bane of the progress of the Nigerian Society and the African Continent.

They are the greatest exponents of Africa's underdevelopment. By exploiting our resources and markets with their so called "Margarine" "Soap" "Cooking Oil" etc.

Palm Oil a major industrial input, which Nigeria (former Eastern Nigeria) was dominant, was exploited and under developed, by exporting the raw materials to their metropoles, then bring back the finished product for sale to the African Continent.

Do you not observe that the same structure is still being adopted today - viz Crude oil exploitation and its eventual importation back to us as a finished product viz PMS/Petrol.

Did chesse(wara), Sher Butter(which is edible) not exist? Didn't Africans Have Black Soap(made from camwood and palm oil)?

After many years of its operations in the most populous Black Country, and all its profits, this Centurian organization, has now deem it fit to build a 2nd grade factory with a paltry 4 bn factory, after realizing that its continuous importation will erode established profits as a result of the Forex situation, and ban on some consumable by the Buhari Administration.

Africans must WAKE UP!

naturalman:


Don't mind that dude.....he think that Igbo's crown Agberos that are illiterates kings...

Before you will be crowned a king in igboland...you must be an intellectual....

Igbo's don't just make anybody king....

That is why Igbo king do not walk around or talk anyhow like the yoruba kings

Pls, don't disgrace your ancestors by comparing Yoruba kings with Igbo Kings.

Apart from the Obi of Onitsha, there's no other King in Igboland.

Okoyiboz3:


Pls, don't disgrace your ancestors by comparing Yoruba kings with Igbo Kings.

Apart from the Obi of Onitsha, there's no other King in Igboland.

Look at this dude....which yoruba king..

The Agbero oba of Lagos OR the oni of ife, with a second hand wife....which one

naturalman:


Look at this dude....which yoruba king..

The Agbero oba of Lagos OR the oni of ife, with a second hand wife....which one

That Oba of Lagos has more influence than all the traditional rulers of Igboland, their ancestors and their future generations combined.

Have you forgotten it was the same Oba who commanded your ancestors to enter the lagoon and none of them could talk?

As for the Ooni, he has more influence than all your worthless traditional gods you worship.

Freeman147:
Formerly called Lever Bro. - This Conglomerate and it's ilk were and have been the bane of the progress of the Nigerian Society and the African Continent.

They are the greatest exponents of Africa's underdevelopment. By exploiting our resources and markets with their so called "Margarine" "Soap" "Cooking Oil" etc.

Palm Oil a major industrial input, which Nigeria (former Eastern Nigeria) was dominant, was exploited and under developed, by exporting the raw materials to their metropoles, then bring back the finished product for sale to the African Continent.

Do you not observe that the same structure is still being adopted today - viz Crude oil exploitation and its eventual importation back to us as a finished product viz PMS/Petrol.

Did chesse(wara), Sher Butter(which is edible) not exist? Didn't Africans Have Black Soap(made from camwood and palm oil)?

After many years of its operations in the most populous Black Country, and all its profits, this Centurian organization, has now deem it fit to build a 2nd grade factory with a paltry 4 bn factory, after realizing that its continuous importation will erode established profits as a result of the Forex situation, and ban on some consumable by the Buhari Administration.

Africans must WAKE UP!

so you expect THEM to champion YOUR development?
NOT their fault we're not ready.
Not their fault yes all running to ready-made countries and refuse to delay gratification
Not their fault our elders sold us into slavery.
Not their fault that we refused to plant palm oil and set up factories instead we invest inscam bank shares and Mmm ponzi schemes time and time again

Okoyiboz3:


That Oba of Lagos has more influence than all the traditional rulers of Igboland, their ancestors and their future generations combined.

Have you forgotten it was the same Oba who commanded your ancestors to enter the lagoon and none of them could talk?

As for the Ooni, he has more influence than all your worthless traditional gods you worship.

And the oba of akure that gave one yIGBO claiming eze in akure some lashes in his palace

victorDanladi:


And the oba of akure that gave one yIGBO claiming eze in akure some lashes in his palace

The Oba of Akure put the arrogant piglets in their place.

He gave them the home training which their parents refused to give them.