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IL Cosmetics, continues to invest

IL Cosmetics (International Lacquers, Luxcos, Interpack), a producer of nail polish and make-up products, also offering a turnkey service via Interpack is continuing its investments to cope with a significant growth of its operations. The group expects to increase twofold its turnover by 2016.

IL Cosmetics has significantly surpassed its objectives over the past year with an above-market growth, particularly for nail polish, a product whose sales should remain robust.

In this context, after an average growth exceeding 25% over the past five years, the Luxembourg Company expects to double its turnover by 2016 to reach 120 million euros, against 52 million in 2012 and a forecast of 63 million in 2013.

New investments

To meet the increase in business, IL Cosmetics will continue its efforts in terms of investments. The group has acquired a new packaging plant, which will be equipped to be operational in early 2014 and which will help double its overall packaging capacity to reach 200 million units per year.

In addition, consolidation in R&D is continuing. The number of employees dedicated to this activity was quadrupled in two years and will reach 35 people end of 2013.

The research and development laboratory of International Lacquers is organized into specialized teams for each type of product: basic research for formulation, innovation, special effects associated with pearls and pigments, nail care, raw materials, colouring solutions.

IL Cosmetics is making significant investments in R&D, is growing faster than the market and, as a service provider in the area of nail polish, now ranks world’s number two.

Source: IL Cosmetics

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© 2013 - Premium Beauty News - www.premiumbeautynews.com
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