Consumer goods producer Procter & Gamble, which has recently opened its factory in Urlati, Romania, intends to invest in renewable energy that it could trade on the stock market, company representatives have said. “We intend to look at European funds for renewable energy, together with the Ministry of Environment. We could trade renewable energy on the stock market, as the transactions with green certificates are pending regulations,” said Ramona Brad, associate director for external relations with P&G.

The new P&G factory in Urlati, which produces hair care products, will have solar panels installed. The factory is among P&G's most advanced in terms of used technologies and is part of a series of P&G factories which includes sustainable development elements, said Bob McDonald, president and executive general director of Procter & Gamble.

P&G's recently opened factory was a EUR 100 million investment. It employs 250 people and produces shampoos under the Pantene, Wash&Go and Head&Shoulders brands, as well as hair conditioners.

90 percent of the production will got to exports, in a first stage for the other markets in the region, and later on for countries like Turkey, Russia and Ukraine too. The company has 25 hectares of land in Urlati, Prahova county, offering it enough room to expand in a further stage.

Romania-insider.com