L'Oreal invests in R&D facility in Rio de Janeiro

New centre aims to strengthen L'Oreal's position in Brazil

L'Oreal and the municipality of Rio de Janeiro have signed an accord for the construction of a research and innovation centre in the Bom Jesus zone of the city's technological park.

The cosmetics group says this marks a further step in the development of economic relations with the city and the Brazilian market. The project is estimated to cost some €30 million.