Ontex Group N.V. ( (GB:0QVQ) ) has provided an announcement.
Ontex Group NV has inaugurated a new R&D center in Segovia, Spain, as part of its strategy to enhance innovation and production capabilities. This investment underscores Ontex’s commitment to sustainable innovation and supply chain agility, focusing on efficient, environmentally friendly production processes. The expansion includes increased production capacity and job creation, with the facility now hosting 25 production lines, up from 16 in 2022. This development is expected to bolster Ontex’s position in the personal hygiene industry and support its growth in core markets, while also contributing to the local economy by creating additional employment opportunities.
More about Ontex Group N.V.
Ontex Group NV is a leading international developer and producer of personal care products, with a focus on baby care, female hygiene, and adult care. The company distributes its innovative products in about 100 countries through retailers and healthcare providers. Ontex employs approximately 7,200 people worldwide, operates in 17 countries, and is headquartered in Aalst, Belgium. It is listed on Euronext Brussels and is part of the Bel Mid® index.
YTD Price Performance: -0.49%
Average Trading Volume: 26,916
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €669.1M
See more data about 0QVQ stock on TipRanks’ Stock Analysis page.
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