Pullman Sao Paulo Ibirapuera
| "Innovate to Stay Ahead in an Increasingly Sophisticated Market!" |
"Procter & Gamble Co. plans to invest about $120 millionin Argentina to substitute imports, the Latin American Herald Tribune reported. P&G's goal is to substitute imports of cleaning products, personal hygiene products and disposable diapers totaling $100million and increase exports by $50 million, accordingto the Industry Ministry. The consumer goods giant would expand production capacity at its plants in Argentina and add new product lines, creating about 400 new jobs".
www.happi.com 9/2012
According to ABIHPEC, the Brazilian personal care industry has seen sales grow from $2.4m 16 years ago to $14.2m last year. Overall, the growth in the personal care sector was much more vigorous than in other areas of the economy with 10% average annual growth compared to a GDP of 3.1% and annual growth of 2.5% for the industry in genereal.
With the emergence of the middle class, increased consumer spending and needs are also driving the growth of household and personal care products in Brazil and rest of South American countries. Companies, both international and locals are increasing their R&D and expansion budget to meet an increasingly sophisticated market. Consumers are paying more attention to the ingredients that go into their products and companies are constantly on the look out for sustainable ingredients to differentiate their products. Not to forget consumers are also focusing on value!
Walmart, the major retailer who leads in sustainability initiatives has also implemented their end- to- end project in Brazil. Has this exercise created more sustainable products? What will be the impact to wal-mart's suppliers?
CMT's 2nd South America Surfactants, Home & Personal (HPC) Markets conference will take place in Sao Paulo, Brazil on 28-29 Nov 2012. Leading experts will share insights on these emerging regions.
| Key Highlights
Don't hesitate! Register with your team today to enjoy group discount at www.cmtevents.com or contact Grace at grace@cmtsp.com.sg for more information.
You will network with: |
| Here's what delegates said about our LATAM Surfactants, Personal & Home Care Markets held in Sao Paulo on 24-25 Oct 2011 |
INDUSTRY NEWS
Evonik builds new production plant for Personal Care and Household Care ingredients in Brazil - 4-traders.com, Oct 24
Latin America to take No.2 spot in global sun care market as protection trend shines - Cosmeticsdesign.com, July 17