Oriflame: New Russian Production Plant ? Commissioning Completed, Divestment of Factories Completed, Russian Tax Case ? Negative First Level Court Decision

Admin   |   02 December, 2014   |   401   |   3980

Commissioning process in Noginsk production plant completed

Oriflame is pleased to announce the completion of the commissioning process for the new production facility in Noginsk, Russia. Production of personal and hair care products has started and will gradually be ramped up during the coming quarters. Equipment for production of colour cosmetics is currently moved from previous factory in Krasnogorsk to the new facility in Noginsk, where all production will be integrated, enabling Oriflame to optimise logistics and business processes, while ensuring production close to the large and important markets in the CIS.

“Oriflame is proud to increase its presence in Russia through this €150 m investment into the new facilities in Noginsk.

“This is an important milestone for Oriflame’s business and long-term commitment to the region,”

“as it further improves the service to our Consultants while creating employment opportunities in Russia and in particular in the Noginsk area”, Magnus Brännström, CEO and President, comments.

Divestment of production plants in Sweden and Russia completed