Godrej, Swedish firm Hygiene in joint venture

Godrej Consumer Products Ltd and Swedish company SCA Hygiene Products on Saturday signed an agreement to form a joint venture company worth Rs 20 crore. The company would manufacture products such as sanitary napkins for women and diapers for children. “We believe there is opportunity in the feminine hygiene protection and baby diaper market, which is presently in a nascent stage in south Asia,” Godrej chairman A B Godrej said in a press release. The new company will set up manufacturing operations in India.

Courtesy: EconomicTimes
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