
Paris-based cosmetics giant L'Oreal has expanded a factory in central China's Hubei Province into its largest production base in the Asia-Pacific region. Covering an area of more than 70,000 square meters, the production base, located in the city of Yichang, has been put into operation after two years of construction, the company announced on Monday. The production base, with a total investment of 200 million yuan (32.8 million U.S. dollars), will be able to produce 250 million units of cosmetics annually. By building its largest Asia-Pacific production base in China and moving its Asia-Pacific headquarters to Shanghai in July, the company has shown its confidence in the market in the region, said Alexis Perakis-Valat, chief executive of L'Oreal China. L'Oreal has 42 factories worldwide, including two in China. The other Chinese factory is in Suzhou, a city in east China's Jiangsu Province.
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor