Unilever to close spreads factory

Reported by AAP
Saturday, January 26, 2013
Australia's richest and poorest postcodesOne pocket of Sydney's eastern suburbs earn close to nine times more than those who live in the country's poorest area.

Unilever PLC, the maker of Lipton tea, Ben & Jerry's ice cream, Dove soap and other products, said Friday that it will close an Atlanta factory by the end of June, eliminating 125 jobs.

The company makes Country Crock, Imperial and I Can't Believe It's Not Butter spreads at the site. It said it is making the move because it has spare capacity at its other US plants that make spreads.

Unilever, with dual headquarters in London and Rotterdam, Netherlands, is the world's third-largest maker of consumer products behind Procter & Gamble Co. and Nestle. Its employs almost 11,000 people in the United States.

US-listed shares rose 60 cents to close at $US40.26 Friday.

04/07/2015 16:58Sydney, Australia. 4 July,2015