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P&G Ceases Manufacturing Operations in Nigeria

Proctor & Gamble (P&G), parent company of Proctor & Gamble Professional (P&G PRO), has announced plans to discontinue manufacturing operations in Nigeria.

P&G’s move to an import-based model comes in response to difficulties in operating as a dollar-denominated business in Nigeria’s current economic environment, Global Cosmetic News reports. Although Nigeria annually contributes US$50 million to P&G’s $85 billion portfolio, the company has faced ongoing challenges in the region, including a planned shutdown of a major production plant in 2018 and significant downsizing in 2021.

“It is difficult for us to operate because of the macroeconomic environment,” said Andre Schulten, P&G chief financial officer (CFO). “So, with that in mind, we are announcing a restructuring program with the intent to adjust the operating model and portfolio, ensuring that we maintain the discipline that has brought us to this point.”

About Procter & Gamble Professional
Procter & Gamble Professional is the away-from-home division of Procter & Gamble, serving the food service, building cleaning and maintenance, hospitality, and convenience store industries. For more information, visit www.pgpro.com.