Unilever Indonesia Announces Bigger Capex Plans And Proposed New Headquarters

Unilever Indonesia raised its capital expenditure from the previously planned Rp 1.4 trillion to Rp 2 trillion, or $149 million, in 2016. According to the company, the bigger capex will cover the cost of the proposed Rp 600 billion new headquarters. Unilever Indonesia finance director Yudhistira Rusli said the company will fund most of the capital spending, with bank loans accounting for 15 to 20 percent of the needed money.