Procter & Gamble Expands Production of Soap, Other Goods

August 2, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Procter & Gamble Company (NYSE:PG) (P&G) (Cincinnati, Ohio) recently ended its 2024 fiscal year with a slight growth in earnings and sales over the previous fiscal year, which the consumer goods company attributed to strong demand for household staples. P&G is at work on a swath of expansions and additions at its factories to accommodate continuing demand growth. Industrial Info is tracking roughly $2 billion worth of active and proposed projects from P&G, more than 70% of which is attributed to U.S.-based projects with a medium-to-high likelihood of beginning construction as planned. The company is at work on major additions to two existing facilities for personal care items, particularly its soaps, detergents, cosmetics and toiletries, with at least three other additions proposed.