MOSCOW TIME: 27.04.2024 04:12:48

Companies + Local News

L`Oreal expands its Russian operations

L`Oreal expands its Russian operations

French L`Oreal has executed with the Kaluga Region an agreement pursuant to which it will invest more than RUB 2.5 billion into a hair care products facility on the site of the Vorsino Park.



L`Oreal expands its Russian operations


French L`Oreal has executed with the Kaluga Region an agreement pursuant to which it will invest more than RUB 2.5 billion into a hair care products facility on the site of the Vorsino Park.


Claudio Kavikoli, the CEO of L'Oreal responsible for its Russian operations, has said the company is confident in the future economic advancement of Russia and will continue efforts to expand its production capacities in the country.


The construction is expected to be completed in 2017. The facility will continue to employ experts residing in the Region and develop business relations with local suppliers.



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