Italian cosmetic manufacturer, ArtCosmetics, has announced its goal to reach $210 million by 2022.
According to ArtCosmetics, its business has doubled in dollar growth since 2015—$52.6 million to $108.7 million.
The company currently has 280 customers in 29 countries and plans to open a new plant in Mozzanica, Italy, at the end of 2018. The new plant will focus on producing emulsions and anhydrides, foundations, mascaras and lipsticks as well as host a new innovation center with a 16,145 square foot laboratory. Additionally, the new location will include a pilot area that will be used to experiment with advanced work processes. There will also be a center of excellence for powders set up on the current premises.