ALKOS Group invests in industrial expansion
French cosmetic formulator ALKOS Group is set to open a new industrial site in Anger, France, this coming October. The new factory, covering a total of 16,000m2 (with an option to expand to 20,000m2) will replace three existing sites currently totaling 10,000m2. This expansion goes hand in hand with ALKOS Group's aim to grow its presence outside of France, which currently accounts for 70% of group-wide sales. "In 2015 we invested to develop our business in Europe. This year, the focus is on the East Coast of the US, and in 2017 we will concentrate on Latin America, especially Brazil," explains ALKOS Group CEO Dominique Vautier. In terms of industrial development, ALKOS Group may consider a purchase in Europe next year in the makeup powder segment.