P&G’s Manufacturing Plant In Oxnard, CA Bounces Back After Fire Outbreak

By John F. Heerdink, Jr.

As per reports, Procter & Gamble Company’s (PG) 51-year-old manufacturing plant in the production of Charmin toilet paper and Bounty paper towels suffered fire damage on Monday impacting 10% of the huge P&G complex in Oxnard, Calif, but reportedly the workers are getting equipment back to service affected by the blaze.

“Production was not halted We are still producing and shipping Charmin and Bounty product,” stated Tonia Elrod, a spokeswoman for P&G.

The fire was reported to have erupted before 2 a.m. March 30, and was put out by 4 a.m with no injuries reported.  P&G’s Charmin and Bounty are in huge demand as consumers stocking up on daily essentials and necessities because of the coronavirus outbreak.

The cause of the fire or an estimate on the cost of damage apparently remained undisclosed.

The Procter & Gamble Company (PG), a Dow 30 component,  supplies branded consumer packaged goods to consumers across the globe. Reportedly, P&G will be distributing free personal care kits with everyday essentials, home care needs, as well as, cleaning supplies to the tornado affected areas in Tennessee. The tornadoes hit the region on Tuesday, March 3 causing significant destruction to local homes and businesses and affecting thousands of Tennesseans, struggling without power and clean water. To learn more about Procter & Gamble (PG) and to continue to track its progress please visit the Vista Partners Procter & Gamble Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: P&G Charmin plant ramping back up after fire in American City Business Journals)


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