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Companies & industry

Crystalmoda doubles its turnover

The Italian Company specialized in cosmetics formulation and packaging, based in Offanengo, a small town an hour’s drive south of Milan, achieved a turnover of EUR 8 million during its last financial year (May 2015-April 2016), that is twice as much as the previous year. And the current year looks just as promising.

Dario Moretti, the Head and main shareholder of the Company, has every reason to be satisfied. After deciding in 2013 to divest to the Lumson Group its packaging activity, Modapack to concentrate solely on the development of Crystalmoda, his efforts have paid off. The firm currently employs more than fifty people and expects to achieve net sales of EUR 12 million during the current year. The volume of investments remains strong.

Dario Moretti, Crystalmoda

Dario Moretti, Crystalmoda

We are investing in all areas of the Company: the workforce, the laboratory, production equipment and filling lines,” explains Dario Moretti.

In recent months, Crystalmoda has strengthened its offering in terms of lip products and liquid foundations, even if powders remain the main activity.

An agreement with Crystal Claire Cosmetics

The 5000 m2 plant produces some several million pieces per year of make-up powders. “Powders are at present still our core business,” explains Dario Moretti, "but we have significantly increased our production capacity of lipgloss, mascara and lipstick.” Over the last six months the company invested more than EUR 600 000.

As for the Group’s international expansion, it can only increase. “The Canadian Group Crystal Claire Cosmetics recently acquired a stake in our capital,” says Dario Moretti. “And we will set up together a development strategy in the coming weeks. To note that we are doing also very well on new Middle East markets.

Main objective for the Italian firm, also strengthen its presence at the level of major European brands.

Jean-Yves Bourgeois

© 2016 - Premium Beauty News - www.premiumbeautynews.com
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