L'Oreal to invest PLN 120 mln until 2017
12:09
French cosmetics company L'Oreal is set to invest more than PLN 120 million in the years 2015-2017, according to daily Puls Biznesu.
The money will be spent on the expansion of Kosmepol's plant in Kanie, which produces shampoos, body lotions, deodorants and hair dyes under the brand Garnier. Thanks to the investment, its production capacity will increase to 400 million pieces a year.
Last year, the company finalized the construction of a factory with 15 production lines and a warehouse. The project was valued at €20 million.
The Ministry of Economy estimates the the cosmetics market was worth €3.4 million in 2014.
