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Procter & Gamble Denies Rumors About $1 Billion Plastic Molding Technology

November 26, 2013: 12:00 AM EST
Procter & Gamble said rumors were not true that it has developed a plastic molding process which could save the company as much as $1 billion per year in manufacturing costs. An article published on the Advertising Age magazine’s website claimed that P&G’s new molding technology could help the company manufacture plastic packaging that is thinner by as much as 75 percent compared with those made using conventional molding processes. Former P&G CEO Bob McDonald was also reported to have claimed that the technology could help the company reduce its environmental impact.
Chris Barker, "P&G calls $1bn plastic molding rumors “extremely inaccurate”", Cosmetics Design, November 26, 2013, © William Reed Business Media SAS
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