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Nairaland Forum / Nairaland / General / Business / Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant (36976 Views)
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Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Nobody: 6:45pm On Jul 06, 2018 |
Reports went viral two days ago that Procter & Gamble (P&G) may be shutting down its production plant situated in Agbara Industrial Estate, Southwest, Nigeria, exactly one year after launching the $300 million factory. Earlier reports quoted the reason for the shut down to be that “the company is battling with the challenge posed by government policies that regulate the importation of raw materials for its production.” PremiumTimes reported that an insider familiar with the development disclosed this to them while another source said the factor responsible for the shutdown was the unhealthy competition being faced by the company. However, Lailasnews.com has received a statement signed by Temitope Iluyemi, Director Global Government Relations & Public Policy, Procter & Gamble SSA which says these reasons are incorrect. Read the statement we received below: AGBARA PLANT CLOSURE: Correct facts about the plant restructuring project We are aware of the media publications quoting incorrect information about the closure of the P&G Agbara Plant site and hereby issue the correct facts of the plant restructuring project. P&G is restructuring its Nigeria manufacturing operations to deliver a more effective business operation for now and sustainably for the future. This will entail an exit from production in its Agbara plant. We will strengthen our manufacturing operations in the Ibadan plant, scale up our contract manufacturing operations as well as continue to invest in our local talents. P&G is a foremost global consumer goods providing world class products sold in over 180 countries worldwide. This is purely a business decision for a sustainable and innovative business operation in Nigeria. P&G is a model investor in Nigeria investing economically and socially and investing in technology transfer in partnership with local suppliers, agencies, contract manufacturers and the Government to deliver key development objectives of inclusive growth. We have been operating with world class standards in Nigeria for over 25 years, we believe in Nigeria’s potential and are here to stay for the long haul developing our Nigerian talent. manufacturing operations in the Ibadan plant, scale up our contract manufacturing operations as well as continue to invest in our local talents. Source - https://lailasnews.com/correct-facts-why-pg-is-shutting-down-its-300-million-agbara-plant/ 5 Likes 2 Shares
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Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by MANNABBQGRILLS: 6:46pm On Jul 06, 2018 |
................ while another source said the factor responsible for the shutdown was the unhealthy competition being faced by the company Too bad they gave up their diaper production just after one year. Healthy competition is the real thing. Competition has drastically affected our world. Competition will be around us no matter what we do. In the past, present, and future it has had an effect on our activities and how we rely on each other, it affects our daily lives. Competition is the pinnacle of what makes us what we are. Never give up. 27 Likes 4 Shares |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Mynd44: 7:00pm On Jul 06, 2018 |
I Don't know why Nigerians are so weird. P&G is just shutting down its diaper line at Agbara not the entire plant. I guess people prefer false news 81 Likes 6 Shares |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Deivid10(m): 7:01pm On Jul 06, 2018 |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Deivid10(m): 7:01pm On Jul 06, 2018 |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by SamuelAnyawu(m): 7:02pm On Jul 06, 2018 |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Nobody: 7:02pm On Jul 06, 2018 |
Sai baba 4 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by airsaylongcon: 7:02pm On Jul 06, 2018 |
Wow |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by PearlStreet(m): 7:02pm On Jul 06, 2018 |
Mofix diapers has killed pampers. 45 Likes 2 Shares |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by MANNABBQGRILLS: 7:02pm On Jul 06, 2018 |
Mynd44:Good observations. Nigerians and false news! 32 Likes 4 Shares |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by TheAngry1: 7:03pm On Jul 06, 2018 |
Reno 'the parrot' Omokri ran with the story like a masturbating teenager without verifying its authenticity. Okponu oshi! 28 Likes 1 Share |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by BonkoINC: 7:03pm On Jul 06, 2018 |
Mehn.. this country ehn.. I don't just know.. if it forbids anything good at all. 6 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by PearlStreet(m): 7:03pm On Jul 06, 2018 |
Mynd44: Since Nigerians are weird and you're a Sudanese, what's making P&G shut down its diaper line within the plant commissioned just a year ago? Don't relay the crap written in their statement to me, that's an indictment of their actuarial scientists and the lack of foresightedness of their management. Note that they only gave us exit plans of action, they never stated the reason. 81 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by iHart(m): 7:03pm On Jul 06, 2018 |
they are yet to say the truth. ...and the truth will not be far from govt policies. 28 Likes 1 Share |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Nobody: 7:04pm On Jul 06, 2018 |
But Op, are they shutting the diaper production line or the whole company But the "correct facts" is polished to play down the real reason. Why leave Agbara that I know to Ibadan? What about agglomeration economies? What about proximity to teeming Lagos Population? Lagos is the transport hub (for distribution). I once discussed sales with one of my customers and he told me that "pamper" business is a tough one. 3 Likes 1 Share |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Nobody: 7:04pm On Jul 06, 2018 |
'Restructuring' a big word for 'closing'. 10 Likes 2 Shares |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Nobody: 7:05pm On Jul 06, 2018 |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by imam07: 7:05pm On Jul 06, 2018 |
Dangote and the govt are behind many companies are folding up. Very soon we go hear that Dangote are planning to buy the company or will invest in pampers production. 10 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by tiwiex(m): 7:06pm On Jul 06, 2018 |
post=69144087:You try oh. I didn't even see any reason in this release. 3 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by BarryX(m): 7:06pm On Jul 06, 2018 |
This will entail an exit from production in its Agbara plant. Exit from production equates shutting down abeg. Don't bamboozle people with unusual correctness to save face and PR. Probably the presidency called them to do a PR all in effort not to make this failed government look bad. We know all these things, Stay woke 37 Likes 2 Shares |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Nobody: 7:07pm On Jul 06, 2018 |
SamuelAnyawu:The hustle is real Oga PR |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by SheikhMuniru(m): 7:07pm On Jul 06, 2018 |
9ja IS GOING TO AN ERA OF DESTRUCTION AS THIS TIME OF APC AND BUBU AS HEAD OF COWS 2 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by ivolt: 7:07pm On Jul 06, 2018 |
The PR agent said nothing about the reason for the shutdown, yet the mod include "Facts" in the headline. 8 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Mynd44: 7:08pm On Jul 06, 2018 |
Senselin:Diaper line. And they are moving the line to Ibadan. Not shutting down the entire plant 5 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by imam07: 7:08pm On Jul 06, 2018 |
Mynd44:Mr ogbeni, cant you reason straight? If they dont have problems, why are they closing the plant. They have hidden problem they dont want to disclose. 16 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by anibi9674: 7:09pm On Jul 06, 2018 |
ok. |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Pitokwe(m): 7:09pm On Jul 06, 2018 |
Molfix killed pampers within just three years. Molfix is also dying gradually because of bad leadership Quote me anywhere 3 Likes 1 Share |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Nobody: 7:09pm On Jul 06, 2018 |
Legalese speak. They have stated clearly that they are shutting down the reported $300million Agbara plant, with no reference to opening any one of similar size elsewhere. 11 Likes 1 Share |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Mynd44: 7:10pm On Jul 06, 2018 |
imam07:Uncle Ogbeni, they are not closing the plant. Just moving the diaper line to their Ibadan plant 10 Likes 1 Share |
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