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Monday, 22 June 2020

P&G to invest USD 50 mn over next 18 months to expand manufacturing

INVESTMENT WATCH- P&G to invest USD 50 mn in Egypt by the end of 2021 to expand manufacturing: Procter & Gamble (P&G) is planning to invest USD 50 mn by the end of 2021 to expand production capacity, Near East Vice President Tamer Hamed told GAFI Chairman Mohamed Abdel Wahab, according to a cabinet statement. The new investment will add a new production line to manufacture protective face masks and expand existing lines at its two factories in Sixth of October. The US consumer goods giant has invested more than USD 200 mn in Egypt to date, and exports USD 200 mn of products each year to 35 countries.

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