Shiseido to open Vietnam factory
|
| Posted
:
Tue, 25 Mar 2008 06:37:01 GMT |
| By
:
DPA |
| Category
:
Business |
| News Alerts by
Email ( click
here ) |
|
|
|
|
|
Tokyo - Japanese cosmetic company Shiseido Co plans to build a fully-owned plant in Vietnam and begin making skin-care products, the company said Tuesday. Japan's largest cosmetic company was expected to invest about 4 billion yen (40 million dollars) for its first South-East Asian unit to meet growing demand in the region. Shiseido Vietnam Inc would be established in April to start production as early as December 2009. The factory would be located in an industrial park in the country's southern province of Dong Nai. As Shiseido intends to boost its overseas sales mainly in China, it has increased the production capacity at its Shanghai plant since September 2007.
Copyright DPA
|
|
|
|
|
|
Related News
New Zealand economy gets big boost from rising dairy price
Wellington - Soaring international milk powder prices are giving the New Zealand economy a multi-million dollar boost as it struggles out of recession, the country's biggest exporter announced Monday. The Fonterra Co-operative Group, the world's bigg...
Czech premier proposes central bank chief for EU executive
Prague - Czech Prime Minister Jan Fischer proposed Zdenek Tuma, the governor of the Czech National Bank, for a post in the European Commission, the premier's office said Sunday. Fischer has said that he would select the Czech Republic's candidate for...
Myanmar expects to export 1 million tons of rice this fiscal year
Yangon - Myanmar exported 670,000 tons of rice in the fiscal year that ended March 31 despite the devastation wrought by Cyclone Nargis and expected to export up to 1 million tons this fiscal year, media reports said Sunday. The export volume of ric...
Indonesian maids outnumber Filipinos in Hong Kong for first time
Hong Kong - Filipino maids in Hong Kong are outnumbered for the first time by domestic helpers from Indonesia, according to government figures published Sunday. The number of Indonesian maids in the wealthy former British colony is now more than 130,...
Economic woes cost German employment agency billions
Nuremberg - The German employment agency will need to plug a funding hole of 16 billion euros (24 billion dollars) in 2010, an agency spokeswoman said on Saturday, confirming a media report. Job losses resulting from the economic crisis meant the agen...
Brown proposes financial market tax at G20 meeting - 2nd Update
St Andrews, Scotland - British Prime Minister Gordon Brown urged finance ministers from the world's 20 leading economies meeting Saturday to consider imposing a tax on financial transactions to help head off future global economic crises. It cannot ...
Head of GM Europe may switch to India's Tata: media reports
Frankfurt, Germany - The European chief of General Motors (GM), Carl-Peter Forster, may switch to Indian car manufacturer Tata, German media reported Saturday. Forster, 55, is quitting GM after strongly criticizing the Detroit-based car giant's surpr...
|
|
|
|
|
|
|
|
