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Governmental restrictions and economy fuel decision.
September 23, 2014
By: Melissa Meisel
Citing restrictions by the government, economic issues and supply mattrs, Clorox is shutting down operations in Venezuela. The affiliate Corporación Clorox de Venezuela S.A.resulted in significantly higher costs for Clorox, said the company in reports. It met with government authorities and said it had expected significant price hikes would be allowed earlier in 2014. Currency issues there made headline in May 2014, as previously reported in Happi. ...
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