Avon to expand operations in zl. 50 mln investment

Avon is to invest zl. 50 million in the expansion of their plant in Garwolin, increasing employment by around 300-500 people, according to Maciej Rybicki, director general of Avon Operations Polska. The deadline for the new buildings to be operational is set for mid-2002. Avon's factory producing cosmetics for the Polish market, as well as for international markets, will increase their cosmetics production thanks to that investment. Competitors say that Avon's decision was based on the high attractiveness of the Polish market. Two companies operate in Poland: Avon Cosmetics and Avon Operations. The first plans to increase its turnover by $ 50 million, from $ 100 million in 2000 to $ 150 million this year, and to maintain the operational profit at the level of 30% of their turnover. Avon Operations plans to reach a turnover of $100 million, with operational profits at 10% of this amount. The two companies' investments in Poland have already reached the $ 50 million mark. (Puls Biznesu, p. 12, Gazeta Wyborcza, p. 20) P.W.