The company, which is currently expanding its production capacity by around 70%, expects to end this year with a turnover of EUR1.7 million, up 10% from last year’s EUR1.6 million.
“We will raise our production capacity very soon, we are currently installing new equipment, under a project co-financed through the European regional Development Fund,” company general manager and shareholder Susana Laszlo told MEDIAFAX Monday.
She added the company also increased its exports this year, entering the Hungarian market. Cosmetic Plant also exports to Canada, Greece, Italy, Germany, Lebanon, the United Arab Emirates, Azerbaijan and Austria.
Its best selling products are skin care creams and sunscreen. The company has a portfolio of 92 products, divided into 16 product ranges.
Cosmetic Plant was founded in 1991 by pharmacist Ileana Mester, Laszlo’s mother, in a space of 40 square meters, with an initial investment of around $1,000. Since then, the company invested around EUR2 million in development and currently operates in a 1,700 sqm plant, with an output of 1.5 million products a year.
According to Trade Registry Office data, the company is owned by Susana Laszlo – 40%, Katalin-Erzsebet Racz – 40%, and Tiberiu Meșter – 34%.