International

  • Sa Sa Searches for Store Location

    November 15, 2005
    CHINA: Hong Kong-based Sa Sa International Holdings Ltd. plans to open a store in a Chinese mainland city by the end of the year and will invest $6.41 million in China in the next four years to open 30 cosmetic outlets. The company needs Closer Econo…


  • Henkel Aims for 10% Earnings Growth in 2004

    November 15, 2005
    GERMANY: Henkel is aiming for 10% earning growth margin in 2004, according to reports. Henkel recently bought Dial Corp., which boosted its net profit 23% to $637 million. Turnover is expected to increase 3-4%.…


  • Clariant Plans Massive Job Cuts

    November 15, 2005
    SWITZERLAND: Clariant plans to cut 4000 jobs by 2006, including its electronics business, to drive down company costs. In 2003, Clariant reported a $123 million net profit against a loss of $496 million in 2002.…


  • LOral Sales Jump 70%

    November 15, 2005
    CHINA: L’Oréal reported a 70% gain in sales in China to $180 million in 2003. Since arriving in China in 1997, L’Oréal has invested $120 million to expand the market share and purchased three famous Chinese cosmetic companie…


  • Laundry Business Booms in Cameroon

    November 15, 2005
    CAMEROON: Young men in the New Bell section of Douala are reviving the laundry business, which was hit hard by dry cleaning enterprises, second-hand washing machines and economic crises. They work six days a week, using buckets, a brush and sponge. T…


  • Perfumes Facility Opened in Dubai

    November 15, 2005
    UNITED ARAB EMIRATES: The new $8.1 million Ajmal Perfumes facility in Dubai was dedicated by Sheikh Ham-adan bin Rashid Al Maktoum, deputy ruler of Dubai and UAE minister of finance and industry. The 147,000 square foot facility is located in the Al…


  • Wacker Buys Silicone Emulsion Plant

    November 15, 2005
    CHINA: The Wacker Group, Munich, Germany, purchased a silicone emulsion plant in Shanghai that can produce capacity several thousand metric tons a year of emulsions based on silicone fluids, antifoam emulsions and silicone resins.…


  • P&G Delists Tokyo Bourse Due to Cost

    November 15, 2005
    JAPAN: Procter & Gamble Co. was expected to delist its shares from the Tokyo Stock Exchange on May 7, without altering its Japanese business strategy. P&G shares debuted on the Tokyo bourse in 1986. Executives said the average daily turnover…


  • Dove Rejects Skinny Models to Bolster Self Confidence

    November 15, 2005
    THE UK: After learning that 66% of women feel depressed about their figures as a result of beauty advertising and 75% want to see more realistic-looking models, Unilever’s Dove division launched an ad campaign with women of different shapes and…


  • Omo Detergent Gets a Makeover

    November 15, 2005
    KENYA: Unilever Kenya Ltd. recently added red and blue speckles to its white Blue Omo powder detergent. Executives also developed products for upper and lower income consumers, New Omo Multiactive powder and New Foam Action bar, respectively.…


  • Multifunctional Baths Make a Splash

    November 15, 2005
    JAPAN: Multifunctional baths are growing in popularity such as the perspiration- stimulating Hakkan Sei-katsu series, Yupatio Fine baths offering a headrest, Inax Corp.’s Thermofloor insulated flooring material, Matsushita Electric Works’…


  • Horizontal Driers, Compact De-Humidifiers Dry Up the Competition

    November 15, 2005
    JAPAN: Several improved compact de-humidifiers have hit the marketplace: Mitsubishi Electric’s MJ-100VX with antioxidants to prevent fabric yellowing; Toshiba Home Technology’s RAD-63DYX and RAD-80DYX with hydrolytic enzymes to remove air…


  • Avon Holds 95% Stake in China JV

    November 15, 2005
    CHINA: New York-based Avon Products Inc. has purchased a 20% stake from Chinese partner Masson Group Co. Ltd., raising its total stake in Avon Products (China) Co. Ltd. to 95%. The $50 million deal ends a 14-year relationship between the Avon and Mas…


  • Gillette Invests $147 Million in Polish Plant

    November 15, 2005
    POLAND: The Gillette Company will invest $147 million to build a new razor factory in Lodz by 2007. The plant will produce, package and export disposable razors and shaving products to Russia and Western Europe. Boston-based Gillette will also move 7…


  • Winnipeg Residents Have Flakiest Scalps

    November 15, 2005
    CANADA: Thirty-three percent of people in Winnipeg have dandruff, compared to 20% in North America, Europe and Asia, according to a study by Hill Top Research. The city’s low dew point is to blame.…