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Nairaland Forum / Nairaland / General / Business / Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant (36322 Views)
Mike Adenuga Loses $300 Million / EFCC Investigates Emefiele, Oramah Over $300 Million Paid To Acquire Union Bank / P&G To Shut Down $300 Million Nigeria Production Plant, A Year After Launch (2) (3) (4)
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Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by adecz: 7:10pm On Jul 06, 2018 |
Buhari & his clueless robot advisers, appointees & cabinet are slowly killing this country's economy. Increase in all manners of import tariffs without caring its effect on the general economy. Doubling to trippling energy costs. They have succeeded in turning a fast growing economy into a poverty ridden basket case. 4 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Nobody: 7:10pm On Jul 06, 2018 |
they didn't tell u the truth ...they just can't stand the foolishness of buhari 3 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Nobody: 7:11pm On Jul 06, 2018 |
... Naija for you ! Mynd44: 2 Likes
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Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by soberdrunk(m): 7:12pm On Jul 06, 2018 |
The way Reno was already dancing to the news...... 1 Like 1 Share |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Nobody: 7:12pm On Jul 06, 2018 |
Mynd44: What is really false about the earlier reasons proferred? Why would a company invest $300m and shutdown within a year? What informed the manufacturing restructuring if not unhealthy competition and bad government policies? 5 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by selemempe: 7:14pm On Jul 06, 2018 |
PearlStreet:u think mynd44 sabi anything? 4 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by usebog: 7:19pm On Jul 06, 2018 |
Oooo |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by blackgold2018(m): 7:24pm On Jul 06, 2018 |
Mynd44:You are the weird one with your wrong use of engineering terms. A plant or an entire plant as you mentioned have its own production lines. In correction.."P&G is shutting down its diaper plant at Agbara not the entire Plants" 1 Like |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by philip0906(m): 7:25pm On Jul 06, 2018 |
PearlStreet:That's the real question 1 Like |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Chukwuka16: 7:26pm On Jul 06, 2018 |
Mynd44: Have you been drinking? At least let's leave outside information, what the statement said only simply reifies earlier assumptions that they are exiting manufacturing (what they only do) at Agbara to upscale manufacturing at Ibadan. If we now consider exogenous factors it is not wrong to assume that unfavourable business conditions is driving them to scale down operations. Perhaps you can enlighten us with the source from where you deduced that they are only closing down their diaper line and not the entire plant. 4 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Nobody: 7:28pm On Jul 06, 2018 |
Mynd44: Correct. 1 Like 2 Shares |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by barragan: 7:30pm On Jul 06, 2018 |
Senselin: They've always been in Ibadan, even long before the agbara plant was built. 3 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Winneygirl(f): 7:33pm On Jul 06, 2018 |
Business is tough. The quality of the pampers produced in Nigeria is no where near what is obtainable in the UK or US arm of the same brand. Plus lots of competition. Lots of cheap china made diapers in the country. They didn't look well before sinking that $300m. I just hope they stay afloat. If you know how much tax they pay ehn... To state, LG, demand notices every time... 8 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by kabarka(m): 7:37pm On Jul 06, 2018 |
After thought grammar. 1 Like |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by jeff1607(m): 7:39pm On Jul 06, 2018 |
Mynd44: Hayat makers of moflix has kicked them out of the market , the same thing happened to pharmadeko makers of pharmaceutical products 1 Like |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by imam07: 7:47pm On Jul 06, 2018 |
Mynd44:That is what they said and u believe that. Inform us when they start producing the diapers in another plant. 1 Like |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by NoToPile: 7:52pm On Jul 06, 2018 |
I believe competition happened Lots of China made brands and then hayat kimlas molfix spoilt market for them. By the way most(if not all) made in Naija pampers are of low quality. That molfix is an eyesore 2 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by texazzpete(m): 8:00pm On Jul 06, 2018 |
PearlStreet: Go and talk to any young parent around you to get the true picture. Molfix diapers are utterly destroying P&G Pampers at retail in Nigeria. Ask any supermarket sales rep you know. While the statement from the P&G team is just legalese and PR speak, I can fully believe that the diaper line is under duress right now. 4 Likes 1 Share |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by nams77: 8:00pm On Jul 06, 2018 |
Mynd44:My friend, re-read the company's statement again. There is difference between plant and line. It calls for concern. There is nothing weird about that. ICAN imagine what those laid off staff will be feeling like. Let me not go into the socio-economic impact of this unfortunate circumstance 2 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by PearlStreet(m): 8:05pm On Jul 06, 2018 |
texazzpete: That was actually my initial comment on the thread before I replied Mynd. Hayat (Makers of Mofix) have a 100Million dollar plant in that same Agbara while P&G's own is 300M dollars. Today, Molfix has 44% and Pampers 37%. https://nairametrics.com/stiff-competition-shuts-down-pgs-300m-diapers-plant/amp/ 4 Likes 1 Share |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by naturefellow(m): 8:06pm On Jul 06, 2018 |
PearlStreet:how? |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by PearlStreet(m): 8:08pm On Jul 06, 2018 |
naturefellow: Check this link https://nairametrics.com/stiff-competition-shuts-down-pgs-300m-diapers-plant/amp/ 1 Like |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Nobody: 8:18pm On Jul 06, 2018 |
Buhari. ...and that oldie wants to be re-elected . 1 Like |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by tiwiex(m): 8:22pm On Jul 06, 2018 |
Mynd44: They have only two lines. Diaper and sanitary pads. So.... Nigerians are not far from the truth. But I suspect the whole plant. Cost of managing the partial line might not be cost effective. 1 Like |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Tunagee(m): 8:35pm On Jul 06, 2018 |
Let's not deceive ourselves. The original report we got about P&G facing tough times with importation duties as well as very harsh competition is very factual. They are only using PR to conceal the truth. They know where it hurts. The original info was provided to the media by insiders of the firm. Look, I have worked for multinationals and I can tell u categorically that any info that seems like a rumour in these firms, ends up being the truth. 4 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Nobody: 8:47pm On Jul 06, 2018 |
texazzpete: End of. We could never manage naija pampers/huggies. They gave all of the kids rashes when we tried. |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by femliany(m): 9:01pm On Jul 06, 2018 |
Pitokwe:Daddy baby diaper is killing molfix gradually too |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by lobell: 9:02pm On Jul 06, 2018 |
Hahaha, tell us another good lie. You spend millions of very scarce dollars to build a plant, invite the number two man in the country to commission it then promptly shut it down so that you can reposition yourself for kinikan kinikan, okwaya? issorait, continue *in mama peace's voice* Afterall, it is not my money. But, remember, the truth will set you free, always. (pun not intended) 1 Like |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by moscobabs(m): 9:10pm On Jul 06, 2018 |
I won't say anything for now cos I work in P$G. But you guys should know that P$G has a lot of products apart from pampers.. Oral B is the best among toothpaste in market and it's selling very well Safeguards is there too selling welll Gilletes are there too Duracell battery are there Ariel detergent is selling Always is there too P$G stands till eternity. 5 Likes 1 Share |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by Pitokwe(m): 9:13pm On Jul 06, 2018 |
femliany: It will be difficult for a Chinese diaper too |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by grandstar(m): 9:19pm On Jul 06, 2018 |
You don't set up a $300m plant and just close it up citing the reasons he gave. They faced some ferocious challenges which may be related to the economic downturn presently facing the country. I am also certain that the protectionist environment where import substitution rules may truly have affected their ability to source raw materials at competitive prices. 2 Likes |
Re: Correct Facts About Why P&G Is Shutting Down Its $300 Million Agbara Plant by thanki410(m): 9:29pm On Jul 06, 2018 |
Not to forget how many people will be sacked with the transfer.... 1 Like |
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