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12-09-20
Proctor & Gamble to enlarge assets in Turkey
(MENAFN) On Friday September 11 the country's industry and technology minister stated that worldwide health, beauty, and cleaning massive Procter & Gamble Company (P&G) plans to enlarge its assets in Turkey whereas taking paces towards indigenization.
Mustafa Varank stated throughout his visit to the company's plant in Kocaeli in the northwestern Marmara region that "P&G has a goal of purchasing materials worth USD30 million from Turkish companies,".
Varank added that "If their plan is carried through by 2023, it will also help narrow our current account deficit,".
Varank stated tipping to how command for hygiene and cleaning creations banged subsequent to the start of the coronavirus pandemic that P&G obtained various chemicals from Turkish manufacturers as the virus reasoned provide sequence disturbances.
MENAFN1209202000450000ID1100785109
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