L'ORÉAL UNVEILS NEW RESEARCH & INNOVATION CENTER IN INDIA

Thu Jan 10, 2013 6:01am EST

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L'Oréal, one of the region's fastest-growing beauty companies, accelerates product development for
the Indian market thanks to state-of-the-art R&I facilities

Mumbai, 10th January 2013 - L'Oréal inaugurated today its new R&I Center to study Indian hair and
skin specificities as well as the beauty routines and expectations of Indian consumers. L'Oréal
plans to invest a total of 140 million euros (Rs. 970 Crores) in India from 2011 to 2016.

The R&I Center in India is the Group's 6th R&I hub globally1. It includes both a Product
Development Center in Mumbai and an Advanced Research Center in Bangalore, and will employ over
100 Indian researchers and scientists from the fields of Physical Chemistry, Organic Chemistry,
Analytical Chemistry, Biotechnology, Chemical Engineering, Physics and Biology by end 2013.

At the inauguration, Jean-Paul Agon, Chairman and CEO of L'Oréal, said, "With one of the highest
growths of the Group in Asia Pacific, India is a key contributor to L'Oréal's objective of
reaching one billion new consumers. The R&I Center in India reflects our confidence in the great
potential of the Indian market and our strong commitment to the country. It is in line with
L'Oréal's universalization strategy of adapting our global brands to each culture's specific
needs."

Read more on our Multimedia news capsule:
http://multimediacapsule.thomsonone.com/loreal/l'oréal-unveils-new-research--innovation-center-in-india
http://multimediacapsule.thomsonone.com/loreal/l’oréal-unveils-new-research--innovation-center-in-india
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Source: L'ORÉAL via Thomson Reuters ONE


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