Farmec budgeted more than 2 million euros of investments in production | Progresiv
Farmec, the largest Romanian cosmetics producer, continues to invest in the modernization of equipment and production lines, with a budget of 2 million euros planned in this direction. 
On the list of priorities for this year is the continuation of the brand stores chain expansion and the development of its own distribution network.
"In 2019 we allocate a budget of over 2 million euros in the refurbishment of some production processes, in order to increase labor productivity. We will also develop our own distribution network so that we have the best coverage at national level and meet new performance standards on the Romanian market and not only", said Mircea Stanceanu, Economic Director Farmec.
Over the years, Farmec has invested in the refurbishment and modernization of production processes, such as automatic the robotic packaging line, new labeling technology, modern palletizing systems, new mixers and other equipments.
Every year, Farmec launches and upgrades about 100 products, with a total production capacity of 27 million products.
Moreover, Farmec continues its plans to open new stores to be closer to consumers across the country. At present, Farmec's chain of stores includes 8 Farmec stores and 19 Gerovital stores and by the end of the year the company plans to inaugurate 4 more units.
For 2018, Farmec posted a turnover of 236.5 million lei and a net profit of 9.21 million lei, according to the latest financial data provided by the Ministry of Finance.
