By Mauro Orru
Beiersdorf AG said Tuesday that it would invest 170 million euros ($202.6 million) over the next few years to build a new hub for the European market in the German city of Leipzig.
The German maker of Nivea skin cream said the new hub would be in the immediate vicinity of a new production plant, for which Beiersdorf previously earmarked an investment of EUR220 million.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
06-22-21 0803ET