Gillette razors, products of Procter & Gamble. Photo courtesy of lpk.com website.
The project, proposed by the U.S. consumer goods giant, aims to increase annual production of razors and razor blades from 511.6 million to 700 million. It will also manufacture 630 million products of razor parts, and receive 452.7 million products a year from inside and outsite Vietnam for the final stages of production.
P&G’s 14-hectare expansion project is located within VSIP II Industrial Park. It is set to raise P&G’s total investment capital from $44.8 million to $247.85 million, according to the firm’s adjusted investment license granted by the provincial authorities in November 2022.
P&G commenced construction of the project in 2022 and is ready for a trial run, subject to authorities’ environmental impact assessment.
In Vietnam, the giant currently operates two plants, both in Binh Duong province, that produce fabric conditioners Ariel and Downy, dishwashing detergent Joy, fabric freshener Febreze, and Gillette razors.
P&G plans to invest a further $100 million in Binh Duong to expand production, said Priyamvada Srivastava, country manager of P&G in Vietnam, at a meeting in April with Binh Duong Vice Chairman Nguyen Van Danh. The expansion will include an additional 150 employees and reaffirm Binh Duong as a key location for P&G’s global supply chain, the executive added.
Srivastava also highlighted that P&G Vietnam is striving for net-zero emissions at its factories, while cooperating with the province to train a high-quality workforce and innovate towards green and sustainable growth.
Source: The Investor