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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Unilever PLC    ULVR   GB00B10RZP78

UNILEVER PLC

(ULVR)
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Unilever : Coca Cola, Others Forge Alliance on Plastics Recycling

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04/16/2019 | 12:33am EDT

Raheem Akingbolu Diageo, Unilever, the Coca Cola Company and Nestlé have launched the Africa Plastics Recycling Alliance at the Africa CEO Forum held in Kigali recently.

The Alliance aims to turn the current challenge of plastic waste in Sub Saharan Africa into an opportunity to create jobs and commercial activity by improving the collection and recycling of plastics.

According to a statement jointly issued by the companies, the Africa Plastics Recycling Alliance was established for companies to facilitate and support their local subsidiaries to engage proactively in market level public private partnerships, industry collaboration and alliances in the area of share knowledge, encourage innovation and collaborate on technical and other solutions appropriate for Sub-Saharan Africa as well as participate in local pilot initiatives.

It was also designed to engage with the investment community, policy makers and others to accelerate the development and financing of the necessary waste management infrastructure and systems.

“Plastics will remain an important packaging material if we are to give African consumers the safe and affordable products they need. Unfortunately, a lack of collection and recycling capacity in many African markets coupled with growing populations is creating a growing problem of plastics waste.

“We see an opportunity to tackle that problem in a way that creates jobs and reduces dependency on imported materials while alternatives to plastics are developed,” the statement stated.

The companies also indicated that collaboration within and across markets will be key to success so the companies decided to launch the Africa Plastics Recycling Alliance to increase those efforts and play their part as companies in finding solutions that work for Africa.

(c) 2019 THISDAY NEWSPAPERS LTD. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
COCA-COLA COMPANY (THE) 4.91% 53.63 Delayed Quote.8.17%
UNILEVER PLC 0.76% 5068 Delayed Quote.22.43%
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Financials (EUR)
Sales 2019 52 120 M
EBIT 2019 9 964 M
Net income 2019 6 118 M
Debt 2019 21 533 M
Yield 2019 2,98%
P/E ratio 2019 24,3x
P/E ratio 2020 21,5x
EV / Sales2019 3,07x
EV / Sales2020 2,93x
Capitalization 138 B
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 54,56  €
Last Close Price 55,98  €
Spread / Highest target 9,59%
Spread / Average Target -2,53%
Spread / Lowest Target -22,3%
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Managers
NameTitle
Alan Jope Chief Executive Officer
Marijn E. Dekkers Chairman
Graeme David Pitkethly Chief Financial Officer & Executive Director
David Blanchard Chief Research & Development Officer
May Lung Cha Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
UNILEVER PLC22.43%155 238
PROCTER & GAMBLE COMPANY25.44%289 210
L'OREAL SA (ADR)--.--%157 502
UNILEVER (NL)12.95%149 556
UNILEVER NV (ADR)12.60%149 556
ESTÉE LAUDER COMPANIES (THE)46.68%68 264