Oceanic sets sail for the bourse

Oceanic, a cosmetics producer, specializes in products for sensitive skin and skin allergies. "Next year we want to become a public company and then we will prepare to enter the bourse," said Oceanic's owner, Dorota Soszyńska.

Before listing, the company plans to invest in its production plant in Tršbki Małe near Gdańsk. The plant will be expanded at a cost of zł.15 million and completed in mid-2008. In addition, Oceanic is investing in new technologies and devices that would enable it to expand its product portfolio. As Soszyńska reported, this year the company has already spent zł.4 million to this end, and now wants to introduce cosmetics for pregnant women and the chronically ill.

The firm also wants to concentrate on cosmetics that help cure skin diseases. Currently such cosmetics account for eight percent of sales, while by the end of 2007 their share should grow to 20 percent.

Oceanic also wants to boost its export sales. Soszyńska claims that the niche character of the company's AA cosmetics line is making it an international player. From the current share in the company's sales of 20 percent, foreign sales should make up 40 percent of revenues in the next three years.