THE WHAT? Procter & Gamble is set to invest 600 million pesos (US$ 5.8 million) in a quote to modernize and increase its production lines in Argentina, according to a report by Market Research Telecast.
THE DETAILS The individual care giant is reported to have presented the investment plan to Argentine Minister of Efficient Advancement, Matías Kulfas.THE WHY? Utilizing the investment, P&G will improve production lines of its plant in Pilar, Buenos Aries, in addition to double the production of razors at its Vacation home Mercedes plant, located in San Luis.
Kulfas issued a statement from the Ministry of Efficient Advancement, mentioning, “The financial investment that P&G provides today will permit specific products that were formerly imported to start to be made in the nation, which implies not only a saving in forex, but likewise a higher advancement of the entire productive network.”