International

  • 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…


  • 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.…


  • 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…


  • 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…


  • 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…


  • 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.…


  • 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%.…


  • 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…


  • Ballestra Builds Fatty Acid Plants in China, Malaysia

    November 15, 2005
    CHINA: Italy-based Ballestra Group’s CMB division is building a 350 TPD fatty acids plant in Zhangijagang, China, to produce 1000 tons a day of fractionated fatty acids, soap chips and glycerine. CMB is also building a 700 TPD fatty acids plant…


  • Kanebo and Kao are a No-Go

    November 15, 2005
    JAPAN: Now that the proposed sale of its cosmetics division to Kao is kaput, Kanebo has received at least $4.7 million in assistance from the Industrial Revitalization Corp. of Japan (IRCJ) to restructure operations and bolster its sundries, health c…


  • Shiseido and Coca-Cola Develop Slimming Drink

    November 15, 2005
    JAPAN: Shiseido has teamed up with Coca-Cola Japan to launch a drink flavored with fragrances thought to activate the fat-burning process. The companies said last year that they were to collaborate on a range of products to target the body-conscious…


  • 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.…


  • 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…


  • 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…


  • 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…