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Corporate
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Overseas Investments
Dabur to set up unit in Nigeria
New Delhi, Nov. 20
Dabur India on Tuesday announced commissioning
of its toothpaste manufacturing facility in Nigeria
built at an investment of $4 million. The facility that is
being set up by African Consumer Care Ltd, (AFCL), a
joint venture between Dabur International Ltd with 90
per cent stake in the venture and Dabur UK, would also
be expanded to newer products in skincare, home care
and household disinfectant categories. "Nigeria is today
one of the fastest growing overseas markets for Dabur.
We have already seen our business in Nigeria triple
during the July-September quarter of 2007, and with this
new facility in place, AFCC is confident of further
boosting its presence in the Nigeria and neighbouring
markets," said Mr. Sunil Duggal, Chief Executive Officer,
Dabur India Ltd. - Our Bureau
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