The consumer products giant Procter & Gamble (NYSE:PG) announced that it has decided to invest $100 million in Indonesia in the coming three years.
This fund will be used to build a factory and to expand its distribution market in Indonesia. Indonesia is a growing market for Procter & Gamble (NYSE:PG) products, with its high economic growth and large population.
The company, which markets more than 50 branded products, is the largest consumer product supplier in Indonesia.
Mohamed Ismail, Procter & Gamble (NYSE:PG) Indonesia president, said, “The ambitious expansion program is designed to bring more P&G consumer products, notably household and personal care products, to more consumers across the country”.
Procter & Gamble Co. (NYSE:PG) stocks are currently standing at 62.89.
Source: here
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