L’Oreal to double production in two years

March 3rd, 2011 - 7:06 pm ICT by IANS  

New Delhi/Mumbai, March 3 (IANS) International cosmetics major L’Oreal’s Indian subsidiary Thursday said it is going to double production within two years.

“The company is planning to double production in our Pune factory within the next two years,” Dinesh Dayal, chief operating officer, told IANS from Mumbai.

According to Dayal, the company recently crossed Rs.1,000 crore-mark in net sales for 2010.

“We are one of the highest growth markets for L’Oreal in the world. Last year, we grew by 32 percent and expect to grow at the same or higher rate in 2011,” Dayal said.

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