L'Oréal to Build New R&I Center at a Cost of $140m
- Chaileedo Press
- Sep 28, 2022
- 2 min read
The new R&I is the largest investment to R&I in the history of L'Oréal USA.
On September 27, L'Oréal USA announced on its website that it will open a new Research and Innovation (R&I) Center in Clark, New Jersey, to replace its existing facility, with an investment of $140 million, and is expected to be fully operational by 2024.
According to the report, the new R&I center will help L'Oréal USA strengthen its R&I capabilities to maintain its high-quality service and product iterations and meet the diverse beauty needs of consumers in the U.S. and around the world. The new R&I center will focus on beauty innovation in the hair, skin, and beauty categories, and will also conduct research in strategic science areas such as green science and beauty technology.
David Greenberg, President, and CEO of L'Oréal USA said the new research center will help L'Oréal USA deliver more innovative, inclusive, and sustainable beauty products to consumers. As the largest subsidiary of the L'Oréal Group, the construction of the new R&I also represents the largest investment in R&I in the history of L'Oréal USA.
Sanford Browne, President of L'Oréal North America Research & Innovation, said the new R&I Center will serve L'Oréal North America's scientific teams in product innovation, development, and testing, and L'Oréal will provide consumers with products of higher quality, efficacy, and safety standards.
The new R&I Center will cover 250,000 square feet and will house more than 550 employees in positions with responsibilities that include advanced research, evaluation, and product development, the news release claimed.
L'Oréal USA expressed that the center will create a comprehensive ecosystem for greater interdisciplinary collaboration and innovation by building modular labs, etc. The R&I Center will also as a center for external partnerships and scientific collaborations under L'Oréal's open innovation strategy.
Also, to reinforce the company's commitment to L'Oréal's sustainable future, the new R&I Center will be designed to the highest sustainability standards, reducing energy use, resource consumption, and waste generation, while developing multifunctional indoor and outdoor green spaces to support the ecology and biodiversity of the area.
Research and innovation are at the heart of the L'Oréal Group's strategy. Publicly available information shows that the L'Oréal Group will spend a total of €1.029 billion on R&D in 2021, with a global R&D headcount of around 4,000 people, both figures far higher than the rest of the beauty giants. The R&D expense ratio steadily maintained above 3%, and it has not been reduced to below 3% in the crisis environment in 2008 and 2000. In order to match the beauty needs of different regions and skin tones around the world, the company has 21 R&D centers in 11 countries around the world.
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