Hindustan Lever Ltd said on Wednesday it has decided to move its corporate office to a new proposed campus at Andheri in Mumbai.
"This is a significant step forward in our ongoing efforts to bring the scale and might of 'One HLL' to win in the market place. A unified corporate office will help to further integrate business processes and leverage scale and synergies across the organisation. It will over time unlock the value of existing business offices fuelling our growth agenda," HLL CEO Douglas Baillie said.
The move integrates all existing business offices of the company at both Bangalore and Mumbai and the transition will be completed during 2008. The new campus will have a built-up area of over 500,000 sq ft, the company informed the Bombay Stock Exchange.
The transition to the new office would be done in two phases. In phase I, the Bangalore Foods team will be relocated to Mumbai head office by January 1. While in phase II, the Mumbai head office and training centre will be relocated to the new Andheri campus during 2008, it said.
HLL's foods and beverages, home and personal care business along with the regional category functions and training centres would work together in the new campus.
This co-location will harness synergies between regional category teams and the operating company, it added.
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