Unilever Signs Land Deal with Tatu City
Consumer goods company Unilever East Africa has entered into a Memorandum of Understanding with Tatu City Limited for the acquisition of 70 acres of industrial land for future expansion of its manufacturing operations. The site is located at Tatu Industrial Park, adjacent to Tatu City's 2,500-acre mixed-use, mixed-income development near Nairobi.
This move is part of a stream of investment activities that Unilever aims to roll out over the coming years to drive growth in East Africa and develop new sustainable business models to help secure the region's future prosperity.
The company's goal is to meet consumers' rising expectations for high quality local and international product choices for years to come while leading the way in sustainable business in Kenya by deploying state of the art technology and thinking. The investment demonstrates the company's commitment to Kenya's sustainable growth as the hub of its operations in East Africa.
The land acquisition announcement follows the recent opening of a new Ksh155 million state of the art production line by the consumer goods company that is set to double the production of Vaseline petroleum jelly in the current Nairobi plant to meet growing regional demand.
Stephen Jennings, founder and CEO of Rendeavour, the majority shareholder in Tatu City, hailed the agreement as a demonstration of Kenya's robust economy and Africa's consumer growth. "We welcome this very strategic decision by Unilever in choosing Tatu City as the company's destination of choice for expansion in East Africa. Tatu City is delivering on its promise to create a live-work-play environment free from congestion that provides homes and jobs for tens of thousands of people and attracts leading Kenyan and international companies to set up business."
Unilever also announces plans to relocate its current offices from industrial area to Watermark Business Park in the Karen area in early 2016.
This move is part of a stream of investment activities that Unilever aims to roll out over the coming years to drive growth in East Africa and develop new sustainable business models to help secure the region's future prosperity.
The company's goal is to meet consumers' rising expectations for high quality local and international product choices for years to come while leading the way in sustainable business in Kenya by deploying state of the art technology and thinking. The investment demonstrates the company's commitment to Kenya's sustainable growth as the hub of its operations in East Africa.
The land acquisition announcement follows the recent opening of a new Ksh155 million state of the art production line by the consumer goods company that is set to double the production of Vaseline petroleum jelly in the current Nairobi plant to meet growing regional demand.
Stephen Jennings, founder and CEO of Rendeavour, the majority shareholder in Tatu City, hailed the agreement as a demonstration of Kenya's robust economy and Africa's consumer growth. "We welcome this very strategic decision by Unilever in choosing Tatu City as the company's destination of choice for expansion in East Africa. Tatu City is delivering on its promise to create a live-work-play environment free from congestion that provides homes and jobs for tens of thousands of people and attracts leading Kenyan and international companies to set up business."
Unilever also announces plans to relocate its current offices from industrial area to Watermark Business Park in the Karen area in early 2016.