Polish cosmetics exports hit record in 2014

The total export value of cosmetics manufactured in Poland reached €2.2 billion (or PLN 9.2 billion) in 2014, an increase of 2.5 percent y/y, Polish daily Rzeczpospolita reported. The bulk share of exported goods was manufactured by multinational corporations, which have located their production in Poland. "Kosmepol supplies the whole continent with cosmetics," said Paulina Jurkiewicz, director of the Kosmepol plant in Brwinów, which produces cosmetics for international giant L'Oreal. The newspaper claims that this year's results will be even better. "In Q1, our exports grew by 20 percent, compared with the same period last year and we are optimistic about the future," Henryk Orfinger, CEO of Dr Irena Eris group, was quoted by Rzeczpospolita. The company reported a 20 percent increase in exports in 2014.