11 January 2013

L’Oréal inaugurates new R&I Center in India

- L’Oréal plans to invest €140 million in India from 2011-2016 
- 6th R&I hub globally, to employ over 100 Indian researchers & scientists
- 5,000 m2 Product Development Center in Mumbai 
- 2,000 m2 Advanced Research Center in Bangalore

Mumbai - 10th January 2013 - L’Oréal inaugurated its new Research & Innovation (R&I) Center to study Indian hair and skin specificities as well as the beauty routines and expectations of Indian consumers. L’Oréal 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 globally. 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’Oréal, said, “With one of the highest growths of the Group in Asia Pacific, India is a key contributor to L’Oréal’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’Oréal’s universalization strategy of adapting our global brands to each culture’s specific needs.”

The Product Development Center is a 5,000 square meter facility located in Mumbai. Its activity relies on a unique and wide knowledge of Indian hair and skin specificities gathered through clinical studies and a deep understanding of consumers’ beauty expectations. 

The Bangalore Advanced Research Center is a 2,000 square meter site in Whitefield. The scientific environment of Bangalore is favorable to the exploration of phytochemistry, biotechnologies and bioinformatics to screen active ingredients able to address pigmentation disorders, scalp concerns and hair breakage. A specific focus will be on decoding Ayurveda roots thanks to modern biological, chemical and analytical methods. 

Present in India for 18 years, L’Oréal is one of the fastest-growing beauty companies in the country with a growth rate above +20% and sales which could reach 230 million euros in 2012. L’Oréal India employs over 1 230 people across four regional offices, a factory in Chakan, Pune, Research and Innovation facilities, and the headquarters in Mumbai.

L’Oréal is a leading beauty company, with a portfolio of 27 international, diverse and complementary brands. With sales amounting to 20.3 billion euros in 2011, L’Oréal employs 68,900 people worldwide.

Source: L’Oréal