Twenty-Five Billion Wash Loads Per Year Companies
Twenty-Five Billion Wash Loads per Year Companies selling home care detergents - that make for a 4.6% growth market, are often subsidiaries of larger consumer and household product groups. Here is consideration of Henkel AG (HEN3:GR) which sells detergents for around 25 billion wash loads per year. Within the same industry, beauty care is seen growing 2% while adhesive technologies will increase 3.7% helping liquids and powder markets. Henkel AG & Co KGaA headquartered in Germany manufactures soaps, skin care brands, hair dye, perfumes, detergents, dish-washing liquids, glass cleaners, and surface treatments. In addition, the company produces chemical products such as wallpaper adhesives, roofing products, plastic bottles, and corrosion inhibitors – for industrial, commercial, and consumer markets. Henkel shares are trading at 91 euro, up +1.77% to date and in the middle of a two-month range from 115.75 to 72.02 euro. Its market value is 37.11 million. The world’s largest retailer Wal-Mart Stores Inc (WMT) since March 2015 has got a deal for exclusive retail of Henkel’s premium-priced laundry soap brand in the U.S. It has stacked the brand, Persil, on store shelves next to the leading high-end laundry detergent - Tide, manufactured by Procter & Gamble Co (PG) and first introduced in 1946. Henkel’s European brand Schwarzkopf’s Essence shampoo is introduced as well. Henkel most recently hopes to supply more of adhesive technologies specifically designed for electric vehicles as the ones launched at the Federation Internationale De L’Automobile (FIA) Formula E Championship. For the company as a whole, global sales increased 2.4% to 768 million euro in the three months through June, lower than analysts had expected.
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