Unilever to invest $246m in Thailand

Bangkok - Anglo-Dutch consumer goods company Unilever will invest $246m in Thailand, a media report said on Friday.

The investments will be used to improve local Unilever infrastructure and to target a growing Thai middle class.

"Thailand is a strategic country for Unilever globally due its good geographical location, which can serve as a hub for the upcoming ASEAN Economic Community," said Unilever Thailand chairperson Supattra Paopiamsap, according to the Bangkok Post.

Unilever revenue in Thailand was more than $1.2bn last year. Thailand is also Unilever's 19th largest market and the 3rd largest in Asia.