AMERICAN consumer goods giant Procter & Gamble (P&G) announced on Tuesday (Jun 20) that it will invest more than S$100 million in a state-of-the-art manufacturing facility in Singapore.
Disclosing this as it marked 35 years of operations in the Republic, the New York-listed company said the investment represents its strategic vision to leverage Singapore’s position as a global hub for trade, technology and talent. It did not, however, give details such as the location of the site or products to be manufactured.
P&G began operations in Singapore in 1987 with a sales team of fewer than 100 members, following the acquisition of medications company Richardson-Vicks, which is known for VapoRub, a mentholated ointment.
Today, P&G Singapore hires 2,300 employees of more than 40 nationalities at what is the company’s Asia-Pacific headquarters, which is also the global headquarters for its SK-II, skin and personal-care businesses.
P&G also has its state-of-the-art Singapore Innovation Centre, its research and development hub in the region.
Source: https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/pg-invest-over-s100-million-manufacturing-plant-singapore?utm_medium=social-organic&utm_source=facebook