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Cuba’s Less Restrictive Foreign Investment Law Draws Unilever Back After Four Years

January 22, 2016: 12:00 AM EST
Unilever is partnering with Cuba’s state-owned company Intersuchel S.A. to build a personal care and homecare products factory in the Mariel Special Development Zone. The joint venture, Unilever-Suchel S.A., will manufacture shampoo, deodorant, detergent, soap and toothpaste. Unilever will take a 60 percent stake in the venture, and Intersuchel will hold 40 percent. The $35 million factory is expected to generate 300 direct jobs when it opens in 2017. Unilever left Cuba in 2012, but now feels the country’s 2014 foreign investment law makes it more attractive to expand there.
"Unilever and Intersuchel agree $35 million Cuban joint venture", News release, Unilever, January 22, 2016, © Unilever
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