December 11, under the witnessed of InvestCHN, Reckitt Benckiser Group signed the investment agreement in Taicang Loudong Hotel with Taicang National Level Economic & Technological Development. It means that the health and cosmetics industry in the port area has added one more "power".

  Before signing the contract, Shen Mi met with manufacturing director of China of Reckitt Benckiser Group PhilipHampden Smith and his delegations. He also welcome PhilipHampden Smith and his delegations come to Taicang. He said that Taicang is an important gateway for Jiangsu to participate in the integrated division work in the Yangtze River Delta. Since the beginning of this year, Taicang working progress with maintaining stability, consciously practiced the new development concept, follow the high quality construction of “two places and two cities”. Give a strong advantage in development, a good improving and operating of Taicang economy, new progress has been made in different careers, achieved a great start of high quality development. The Taicang National Port of Economic and Technological Development Zone is one of the most active areas in Taicang’s economic development. Which it has a good infrastructure, ecological environment and business environment. With the settlement of Reckitt’s Manufacturing Base Project, it will promote the accelerated transformation and upgrading of this area. Especially on the area of development the health and beauty industry. Shen Mi hope that RB will not only put the manufacturing based in the port area, but also build an East China headquarters to integrating of “researching, production and sales” in the port area.

  Philip Hampden Smith said that RB Group has entered the Chinese market for nearly 20 years and its Durex, Dettol and other brands in the Chinese market have maintained an average annual double-digit growth. For this reason, RB Group decided to set up a global iconic research and development centre and production base in East China to meet the needs of the Chinese market and create more high-quality products. Through the survey, Philip Hampden Smith found that Taicang is a great place for innovation and entrepreneurship. Reckitt will carry world-class equipment into this project and allow employees to work in a comfortable environment. The project will be beginning with produce Dettol and other branded products, but in the future, it will increase invest to build a research and development centre, produces more personal care and health products in Taicang and make contributions to the high quality construction in port area.

Participants

  InvestCHN: Chase Wu, Founder

  Reckitt Benckiser Group: PhilipHampden Smith, Manufacturing Director in China region; Zhengqiang Deng, Marketing Director in China; Shenghua Teng, Vice Gerneral Manager of Anhui Guilong Pharmaceutical Company (Reckitt Benckiser Group subordinate)

  Taicang Committee of the Communist Party of China: Mi Shen, Secretary & Secretary of the Party Working Committee National Development Zone; Zhiqiang Xu, Standing Committee & Vice Secretary of the Party Working Committee National Development Zone, Vice Director of the Management Committee

  People's Government of Taicang: Jie Hu, Vice Mayor

  Taicang Bureau of Commerce: Yonghua Xia, Director

Company Background

  Rechitt Benckiser Group was created in 1823 based in London, it is a world well known of daily consumer goods, there are more than 200 brands unber the name of RB Group, which more than 20 of them are global top brands. Including Durex condoms, Dettol disinfection products, Mead Johnson milk powder, Xufu Nutrition ("Viguli" products is the best sales of nutritional products in US, also the Top 3 sales of nutritional products in 11th of November Shopping day, Wei Ting hair removal cream, Noprofen anti-fever medicine ( best sales of anti-fever medicine in the European market share), Jiawei Si Kang stomach medicine (well known brand of stomach medicine in Europe) Calgon washing machine cleaner (a well-known brand of washing machine cleaner in Europe and US, also sold in Chinese imported Market) and etc. In 2017, RB Group had a global sale of 14.8 billion USD and a net profit of 3.62 billion USD. Ranked 282 on the Forbes Global Enterprise Rankings. After purchased Mead Johnson in 2017, RB Group estimated global sale of 20 billion USD.