BUCHAREST (Romania), March 1 (SeeNews) – Romanian cosmetics producer Farmec said its sales grew by 13% on the year to 172.5 million lei ($42.1 million/38.5 million euro) in 2015.
"In 2016 we intend to increase our turnover growth by strengthening our key brands on the market and by launching new products," general manager Mircea Turdean said.
Farmec will open new brand stores and stores in shopping centers, including in Bucharest, Turdean added.
In 2015, Farmec invested 50,000 euro in the upgrade of one of its major stores in cluj Napoca. Farmec plans to modernize all its stores by the end of the year, following an investment of 200,000 euro, the company said in a statement in November.
In February, the company won a 15 million euro trial against Romania's fiscal authority ANAF over excise duties, interest and penalties it was requested to pay for denatured alcohol used between January 2007 and December 2011 for the manufacture of three cleaning products.
Farmec is headquartered in the northwestern city of Cluj-Napoca where it has a production plant with over 600 employees. It manufactures some 400 products which it sells in more than 30 countries.
(1 euro=4.4655 Romanian lei)