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Shiseido Announces Plan To Build 30-Billion-Yen R&D Center In Yokohama

March 26, 2015: 12:00 AM EST
Shiseido announced plans to build a research and development facility worth more than 30 billion yen, or $248 million, in Yokohama. Expected to open after 2018 in the city's Minato Mirai business district, the R&D center is part of the cosmetics company's efforts to boost sales to over 1 trillion yen by 2020. Also, the company plans to increase R&D spending to 25 billion yen, or 2.5 percent of total sales by 2020, compared with 13.5 billion yen or 1.8 percent of total sales in fiscal 2013.
"Cosmetics maker plans $250M research base", Nikkei.com, March 26, 2015, © Nikkei Inc
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