24 July 2014
RB ANNOUNCES £100M INVESTMENT IN R&D
GLOBAL CONSUMER HEALTH COMPANY TO BUILD STATE OF THE ART
R&D CENTRE IN NORTH OF ENGLAND
RB plc, the leading global consumer health and hygiene company, today announced it will invest £100m in its consumer health R&D operations with the creation of a state of the art Centre of Scientific Excellence to be based in the UK.
The decision underlines RB's commitment to growth across its consumer health and hygiene brands, providing trusted, innovative solutions that help people live healthier lives.
One of six major RB R&D facilities worldwide, the new UK centre will become the global technical innovation hub for products such as Nurofen and Strepsils. The decision to locate the new Centre in the UK at the company's Hull site followed a review which considered RB's other R&D centre locations across the globe. The decision reflects both the existing consumer health expertise in the UK and the UK Government's positive attitude towards encouraging innovation, science and technology.
Making the announcement, RB Global CEO, Rakesh Kapoor, said:
"Growing our global consumer health business is at the heart of our vision to provide innovative solutions for healthier lives and happier homes. The availability of effective self-medication is a critical part of the growing socio-economic need to help people manage their health; and this is more than just a major investment for RB. It is a statement of intent to drive positive change consumer health. It not only shows the importance we place on innovation, but also underlines our faith in the UK as a place to invest in technical expertise and in consumer health R&D."
RB is a major player globally in consumer health, and one of the largest British listed companies in the space. RB also has long associations with the UK. Not only did part of the business start in Hull almost 200 years ago, but the UK has remained instrumental in the company's consistent growth record ever since. Several of its global health and hygiene Powerbrands were developed in RB's laboratories in Hull and Nottingham, including Dettol, Gaviscon, Strepsils and Nurofen - as well as renowned UK brands like Lemsip and Optrex.
RB already supports a number of scientific and educational projects in consumer health across the UK, and has a reputation for working with entrepreneurs and small technology companies to develop new ideas and innovations. The UK also continues to be a leader within the knowledge industries, attracting businesses and talent from both home and overseas. This includes from RB, a truly global business which not only sends British people to work all over the world, but as importantly brings international talent here helping to ensure the UK stays at the forefront of this industry.
Chancellor of the Exchequer, the Right Honourable George Osborne MP, today welcomed the announcement by RB plc:
"RB plc is a great British success story and their decision to invest in the UK is testament to the steps this government has taken to make Britain open for business.
A key part of our long term economic plan is making the UK a world leader in science and innovation, and the new state of the art Centre of Scientific Excellence will help us deliver this, giving greater economic security for hardworking people.
The project will include the development of a major new building on the site equipped with state of the art consumer health laboratory facilities. RB's objective is to make the Centre a 'magnet for talent' for technical science expertise. In addition RB will be significantly upgrading the current home care category R&D facilities in Hull, and completing work already begun on general improvements across the site.
Most importantly, the investment will both secure the long term future of the existing operations and 1,200 jobs in Hull; and create new opportunities. It will also have a very positive knock-on reputation and economic impact in the region both in the construction phase of the project and beyond.
Work has already begun on the design and planning aspects of the project and RB expects building work to start early in 2015 with the new Centre of Technical Expertise to be fully operational by early 2018.
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NOTES TO EDITORS
1. The project has been supported by a £6m grant from the UK Regional Development Fund
2. ABOUT RB
RB (formerly called Reckitt Benckiser) is the world's leading consumer health and hygiene company. The company has operations in over 60 countries, with headquarters in the UK, Singapore, Dubai and Amsterdam, and sales in almost 200 countries. The company employs approximately 37,000 people worldwide.
With a purpose of delivering innovative solutions for healthier lives and happier homes, RB is in the top 20 of companies listed on the London Stock Exchange. Today it is the global No 1or No 2 in the majority of its fast-growing categories, driven by an exceptional rate of innovation. Its health, hygiene and home portfolio is led by 19 global Powerbrands of Nurofen, Strepsils Gaviscon, Mucinex, Durex, Scholl, Lysol, MegaRed, Dettol, Veet, Harpic, Bang, Veja, Mortein, Finish, Vanish, Calgon, Air Wick, and French's. At the start of 2014 RB had 43% of its core revenues coming from its 2 emerging market Areas and 57% from its developed market Area; 72% of core revenues came from the health and hygiene categories of the portfolio.
Fuelled by a new breed of talent who blend intellectual curiosity with commitment to the highest quality standards, RB is set to redefine the world of consumer health and hygiene. RB people and its culture are at the heart of the company's success. They have an intense drive for achievement and a desire to outperform wherever they focus, including in sustainability where the company is targeting a 1/3 reduction in water impact, 1/3 reduction in carbon and to have 1/3 of its net revenue coming from more sustainable products by 2020. It is also the Save the Children charity's largest FMCG global partner, with a new partnership vision to radically reduce the world's second biggest killer of under-fives, diarrhoea. Overall RB wants to reach 200 million people to improve their health and hygiene behaviour. For more information visit www.rb.com
3. RB is ranked No 1 global consumer health and hygiene company
4. RB is ranked No 6 in pure global consumer health market
5. RB global consumer health Powerbrands - Global # 1 in their sector - Nurofen/Nurofen for Children; Strepsils; Gaviscon; Scholl; Durex; #1 US - Mucinex
6. RB UK consumer health brands include - Lemsip; E45; Senokot, Optrex, Bonjela, Fybogel, Durex, Scholl and (Megared - also available in US and other global markets)
7. RB plc is based in Slough, UK. It also has UK sites in Hull, Nottingham (health and hygiene development and manufacture); and Derby (home care manufacture)
8. RB has major R&D centres in UK (Hull); Germany, Italy, India, Thailand and USA (New Jersey and Utah) as well as a network of small local development teams in 28 countries around the world
RB Hull
9. RB's Hull site currently is a major manufacturing site for consumer health and pharma products such as Gaviscon, Nurofen and Dettol; as well as housing R&D facilities both for RB's consumer health business; and global aircare products
10. 1200 people currently work on the Hull site
