L'Oreal opens factory in Russia
This article was originally published in The Rose Sheet
Executive SummaryFrench cosmetics giant announces Sept. 23 the opening of its first factory in Russia. The 10,000-square-meter facility is expected to reach an output of 120 million units per year and has the option to expand production two-fold "as demand continues to evolve." The plant - L'Oreal's 38 manufacturing facility - is located south of Moscow and will manufacture shampoo, hair conditioner and hair dye for firm's L'Oreal Paris and Garnier brands for distribution in Russia, Ukraine and other Central European countries. L'Oreal sales in Russia have tripled since 2004, reaching €563 mil. ($757 mil.) in 2009. The factory's opening "reflects L'Oreal's commitment to locate industrial operations teams as close as possible to key markets to seize opportunities more effectively and to be more responsive, bringing success to product launches in Russia," Operations Managing Director Jean-Philippe Blanpain says
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