Ontex Expands in Segovia with a New R&D Center
Ontex Group NV [EURONEXT: ONTEX], a frontrunner in personal care solutions, proudly announces the opening of its new R&D center in Segovia. This milestone is part of a larger investment strategy aimed at enhancing both innovation and manufacturing capabilities at the site. By focusing on fast, affordable, and sustainable solutions, Ontex reaffirms its commitment to providing high-quality products in key markets.
Official Inauguration Event
The inauguration of the Segovia R&D center was attended by notable local leaders and industry experts, highlighting the center's significance in Ontex's global strategy. This facility is set to elevate Ontex's innovative edge by integrating closely with the manufacturing operations, promoting efficiency, and speeding up time-to-market for new products.
Driving Sustainable Innovation
The newly inaugurated R&D center is dedicated to several key areas, primarily focusing on:
- Enhancing production efficiency for quicker product launches.
- Implementing eco-friendly manufacturing processes and utilizing sustainable materials.
- Developing cost-effective and reliable product innovations tailored to meet changing consumer demands.
Annick De Poorter's Vision
According to Annick De Poorter, Chief Innovation and Sustainability Officer at Ontex, innovation and sustainability are central to Ontex's mission. The Segovia center will foster a collaborative environment, uniting suppliers, partners, and customers to develop pioneering solutions that improve daily life.
Manufacturing Growth and Job Creation
Over the past couple of years, Ontex has made significant investments in its Segovia plant, reinforcing its role as a crucial manufacturing hub within the company's supply chain. The facility's production capacity has expanded substantially, increasing from 16 lines in 2022 to 25 by early 2025, with further growth anticipated.
This expansion not only boosts productivity but also contributes to the local economy. Ontex has increased its workforce, doubling employee numbers from 300 to 700, and is creating over 100 additional job opportunities, thus helping to retain local talent and enhance economic prospects in the region.
Commitment to the Community
Reflecting Ontex's commitment to the community, Jose Ignacio Luengo, Manufacturing Director for South-West Europe, emphasized the importance of this expansion in creating sustainable job opportunities while enhancing supply chain agility.
About Ontex
Ontex stands as a global leader in the development and production of personal care products across baby, feminine, and adult care categories. With operations in around 100 countries and team of 7,500 employees, Ontex remains committed to innovation, producing high-quality solutions for both retailers and healthcare providers worldwide. The company's headquarters is in Aalst, Belgium, and it continues to be a part of the Euronext Brussels through its listed entity.
Frequently Asked Questions
What is the focus of the new R&D center in Segovia?
The R&D center focuses on enhancing production efficiency, developing sustainable manufacturing processes, and driving innovative product solutions.
How will the expansion impact job opportunities in the local community?
Ontex's manufacturing expansion will create over 100 new job opportunities, contributing to local economic growth and talent retention.
What is Ontex's overarching mission?
Ontex aims to provide innovative and sustainable personal care solutions that are accessible to everyone, while supporting environmental considerations.
Where are Ontex's other R&D centers located?
In addition to Segovia, Ontex operates R&D centers in Mayen, Germany, and Buggenhout, Belgium, promoting a global approach to local needs.
What is the significance of Ontex's manufacturing growth?
The growth signifies Ontex's commitment to agility within its supply chain, ensuring they efficiently meet consumer needs while boosting employment within the community.
