By Olivia Bugault

L'Oreal SA (OR.FR) said Tuesday that it plans to make a "significant investment" in developing its manufacturing capabilities for luxury beauty products in France.

The investment includes 15 million euros ($16.8 million) that will be put toward a plant near Paris that will be dedicated to producing fine perfumes, the French cosmetics and consumer-products company said.

"This significant investment highlights our aim to adapt manufacturing capabilities to new market challenges while developing the expertise of each of our plants," said Barbara Lavernos, executive vice president and chief technology and operations officer for L'Oreal.

Write to Olivia Bugault at olivia.bugault@dowjones.com

(END) Dow Jones Newswires

April 02, 2019 12:51 ET (16:51 GMT)

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