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L’Oreal Bets on Southeast Asia

Inaugurates new plant in Java as Q3 results surprise analysts.

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By: TOM BRANNA

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Need more evidence that the world is moving East? L’Oréal’s sales are expected to jumped more than 30% in Indonesia, southeast Asia’s biggest economy this year and next, the company said as it opened a new plant in West Java. L’Oréal is investing 100 million euros ($128 million) in the new plant that will have capacity for as many as 500 million units, four times more than the first and its only factory set up in the country in 1986. Despite the investment, L&#8217...

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