GCPL & SCA Hygiene Products AB, Sweden Form 50:50 Joint Venture

Godrej Consumer Products Ltd (GCPL) has informed that SCA Hygiene Products AB, Sweden, (SCA) a 100% subsidiary of the SCA Group, and the Company on March 24, 2007 have signed an agreement to forms Joint Venture Company which will manufacture and market paper based absorbent hygiene products, specifically sanitary napkins and baby diapers, in India, Nepal and Bhutan SCA and the Company will be equal partners in the Joint Venture incorporated as Godrej SCA Hygiene Ltd. Mr. A B Godrej, Chairman Godrej group of Companies will be the Chairman of the new entity which is being set up with an equity capital of Rs 200 million through equal investments by both parents.SCA is a global consumer goods and paper Company that develops, produces and markets personal care products, tissue, packaging solutions, publication papers and solid-wood products. The Group conducts sales in some 90 countries and with its TENA brand is the worlds leading provider of absorbent incontinence products, holding a global market share of 26 per cent. Its strong, market-leading brands for baby diapers include Libero and Up&Go and for feminine hygiene products Libresse, Nana, Bodyform and Nuvenia. SCA will bring to the Joint Venture its world leading technology and brands for the Indian market.