English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 10 January 2013, 22:20 HKT/SGT

Source: L'Oreal
L'Oreal Unveils New Research & Innovation Center in India
L'Oreal, one of the region's fastest-growing beauty companies, accelerates product development for the Indian market thanks to state-of-the-art R&I facilities

MUMBAI, INDIA, Jan 10, 2013 - (ACN Newswire) - L'Oreal inaugurated today its new R&I Center to study Indian hair and skin specificities as well as the beauty routines and expectations of Indian consumers. L'Oreal plans to invest a total of 140 million euros (Rs. 970 Crores) in India from 2011 to 2016.

The R&I Center in India is the Group's 6th R&I hub globally1. It includes both a Product Development Center in Mumbai and an Advanced Research Center in Bangalore, and will employ over 100 Indian researchers and scientists from the fields of Physical Chemistry, Organic Chemistry, Analytical Chemistry, Biotechnology, Chemical Engineering, Physics and Biology by end 2013.

At the inauguration, Jean-Paul Agon, Chairman and CEO of L'Oreal, said, "With one of the highest growths of the Group in Asia Pacific, India is a key contributor to L'Oreal's objective of reaching one billion new consumers. The R&I Center in India reflects our confidence in the great potential of the Indian market and our strong commitment to the country. It is in line with L'Oreal's universalization strategy of adapting our global brands to each culture's specific needs."

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: L'OREAL via Thomson Reuters ONE

Topic: Press release summary

From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


L'Oreal Releated News
Mar 23, 2016 18:00 HKT/SGT
HKTDC Export Index Rebounds in Q1 2016; Outlook Unchanged
Apr 10, 2013 14:00 HKT/SGT
Apr 10, 2013 14:00 HKT/SGT
L'Oreal Invents the Luxury Beauty of Tomorrow in China
Dec 12, 2012 08:00 HKT/SGT
L'Oreal Opens in Mexico the Largest Hair Color Production Plant in the World
Nov 5, 2009 14:55 HKT/SGT
Expo Business Opportunities Bring Investment Chances to New Shanghai
More news >>
Copyright © 2018 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: