More than 12 million euros were invested
In 2023-2024, over 12 million euros invested to expand its production and filling capacities in all product categories.
Additionally, a second mass production facility is under construction and will be ready by summer 2024, effectively doubling production capacity in this segment.
In the nail category, investments primarily focus on new semi-permanent technology.
Regarding the turnkey offering, the company has implemented a plan to increase completion filling capacities with a strong focus on process automation. The target is to increase the capacity by 30-40 million units between 2023-2024.
The company’s continued globalization will be achieved through both organic and external growth in two main directions:
Product offer expansion
This will be achieved through organic growth, including the launch of semi-permanent products that will span the entire nail category and expansion into the makeup category with the arrival of skin tint to IL Cosmetics. In addition, external growth will accelerate the development of new product categories.
We are starting with a commercial and industrial presence in North America. In this context, IL Cosmetics was commissioned Christine Rezagholi Leading business development in the USA. The second step in the group’s geographical expansion will be Italy.
Ultimately, the aim is to offer a complete range of make-up products that will satisfy brands looking for a reliable partner who can support them in all their development.