L'Oreal Unveils New Research & Innovation Center in India

L'Oreal Unveils New Research & Innovation Center in India 
L'Oreal, One of the Region's Fastest-Growing Beauty Companies,
Accelerates Product Development for the Indian Market Thanks to
State-of-the-Art R&I Facilities 
MUMBAI, INDIA -- (Marketwire) -- 01/10/13 --   L'Oreal inaugurated
today its new R&I Center to study Indian hair and skin specificities
as well as the beauty routines and expectations of Indian consumers.
L'Oreal plans to invest a total of 140 million euros (Rs. 970 Crores)
in India from 2011 to 2016. 
The R&I Center in India is the Group's 6th R&I hub globally1. It
includes both a Product Development Center in Mumbai and an Advanced
Research Center in Bangalore, and will employ over 100 Indian
researchers and scientists from the fields of Physical Chemistry,
Organic Chemistry, Analytical Chemistry, Biotechnology, Chemical
Engineering, Physics and Biology by end 2013. 
At the inauguration, Jean-Paul Agon, Chairman and CEO of L'Oreal,
said, "With one of the highest growths of the Group in Asia Pacific,
India is a key contributor to L'Oreal's objective of reaching one
billion new consumers. The R&I Center in India reflects our
confidence in the great potential of the Indian market and our strong
commitment to the country. It is in line with L'Oreal's
universalization strategy of adapting our global brands to each
culture's specific needs." 
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