- Home
- Business
- News
- P&G Invests Over $50 Million In Pakistan With State-Of-The-Art Hair Care Manufacturing Plant
P&G Invests Over $50 Million In Pakistan With State-Of-The-Art Hair Care Manufacturing Plant
Umer Jamshaid Published January 22, 2019 | 06:11 PM
Procter and Gamble (P&G), the maker of world-renowned products such as Ariel, Pampers, Pantene, Head & Shoulders, Safeguard and Always, has invested in a state-of-the-art hair care manufacturing plant at Port Qasim, Karachi
KARACHI (UrduPoint / Pakistan Point News - 22nd January, 2019) Procter and Gamble (P&G), the maker of world-renowned products such as Ariel, Pampers, Pantene, Head & Shoulders, Safeguard and Always, has invested in a state-of-the-art hair care manufacturing plant at Port Qasim, Karachi.
The new manufacturing plant has begun operations and is producing renowned hair care brands Pantene and Head & Shoulders. P&G has reaffirmed its commitment to Pakistan by expanding its manufacturing footprint in the country.
This milestone investment follows the success of P&G’s existing manufacturing plants at Port Qasim and Hub which produce Ariel and Safeguard respectively - enabling over 60% of its business in Pakistan to be locally produced and allowing the Company to better serve its consumers.
The Company’s 58-acre land in Port Qasim is P&G’s mega manufacturing facility site with opportunity for future investments and expansion. The Government of Pakistan has set a priority to take immediate steps to revive manufacturing and improve the investment environment, especially through an increase in the foreign direct investment (FDI).
P&G’s hair care manufacturing plant investment of over $50 million is a vote of confidence in the future of the country. It has also resulted in socio-economic benefits such as import substitution in tens of millions of dollars and creation of direct and indirect jobs.
Expressing his views, Sami Ahmed, Vice President P&G Pakistan said, “We are committed to contributing our share in the economic development of the country. Our latest investment is testimony to our long-term commitment to Pakistan.
For over 25 years, we have been serving consumers with high quality products and have made significant investments of over $150 million in fixed assets to date while nurturing and developing Pakistan’s finest talent and making them business leaders.” In line with the newly-elected Government of Pakistan’s ambitious ‘Job Creation Strategy’ to create 10 million jobs across five years, along with a special focus on skill-building, P&G is also keen to play its part by creating direct and indirect employment opportunities.
Over the years, P&G has recruited and developed local talent and contributed to their progress in line with the company’s ‘promote from within’ culture. P&G’s investments continue to yield socio-economic benefits in country through the creation of over 6000 direct and indirect employment opportunities and development of a local supplier base, resulting in hundreds of millions of dollars in local value addition.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
More Stories From Business
-
Exchange rates for currency notes
9 minutes ago -
Foreign exchange rates
39 minutes ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
1 hour ago -
Today Gold Rate in Pakistan 26 April 2024
1 hour ago -
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
10 hours ago -
Pak-US officials engage to enhance trade, investment ties
11 hours ago
-
Stocks fall as tech shares sink, US economy slows
12 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
13 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
13 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
13 hours ago -
Honda announces US$11 bn EV battery and vehicle plant in Canada
13 hours ago -
Zhao Shirin calls on Punjab Industries Minister
14 hours ago