21 September 2018

L’Oreal expands factory, bets on future in China, paper says

L’Oreal Group aims to transform its Tianmei plant in Yichang, Hubei province, into the largest makeup production center in the Asia-Pacific region after two years of extensive renovations and upgrades, China Daily reported on Monday. Costing more than 200 million yuan (US$32.8 million), the wholly owned plant’s production capacity now exceeds 250 million pieces a year, according to a company statement. L’Oreal’s revenue reached 12.05 billion yuan in China, maintaining a double-digit growth for a 12th consecutive year, the report said.

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