Closed Nenagh Procter & Gamble plant part of firm that posted €11.6m profit

The cosmetics plant formerly owned by Procter & Gamble in Nenagh, which is to shut with the loss of 200 jobs, was part of the business that posted pre-tax profits of over €11.6m last year.

Procter & Gamble Manufacturing Ireland Ltd operated plants at Newbridge and Nenagh and its new owner, the giant beauty products firm Coty, last month announced the closure of the Nenagh plant following a study of its global manufacturing operations.

New accounts show that Procter & Gamble Manufacturing Ireland Ltd recorded pre-tax profits of over €11.6m last year. Revenues at the firm in the 12 months to the end of June increased from €96.77m to €97.9m.