Procter & Gamble, the US multinational, has announced a 2,000 crore INR ($163.99 million) investment to set up an export hub in India, according to a Times of India report. The new 50,000 sq m facility in Sanand, near Ahmedabad will reportedly use state-of-the-art technology to manufacture digestive wellness products, fully automated in line with Industry 4.0 principles. It will extend P&G’s existing presence in the state of Gujarat, where …
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Procter & Gamble
US-based multinational Procter & Gamble (P&G) has announced the acquisition of the Australian brand Voost Vitamins. The Melbourne-based firm, Voost, is claimed to be the leading effervescent supplements brand in the country, available through in retailers and pharmacies and it is also distributed to Singapore, UK, and Hong Kong. Paul Game, P&G personal health care president, said: “This move enables us to expand our portfolio in Australia, beyond Vicks and …
Procter & Gamble, the US-based consumer goods giant, has acquired the direct-to-consumer personal care firm Native Deodorant, according to a report in the Cincinnati Business Courier. Financial terms were not disclosed, but the deal is reported to have been completed for around $100 million in cash. Native is promoted as “deodorant that isn’t a chemistry experiment”, and in particular is claimed to be free from aluminium and parabens, instead being …
Coty, the global producer of cosmetics and toiletries, is set to close its Wella facility in Hunfeld, Hesse, Germany with the potential loss of 380 jobs, according to a report in Hessenschau. Once a final decision on the site’s future is taken, it is expected that it will close its doors by the end of 2018. Coty took on the Hunfeld facility as part of its acquisition of the Wella …
US multinational Procter & Gamble has recently announced the investment of R$150 million ($50 million) in an innovation centre in Campinas, Brazil. According to Meio & Mensagem, the centre will focus on research and development for Latin America in the segments of baby care, beauty, household and hygiene, women’s and oral products, with the goal of developing products, packaging and production processes that are more sustainable. Consumer research will also …
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