VPI invests for the future after posting solid yearly results

The beauty plastic packaging specialist said turnover increased 40 per cent over the past 30 months helping to take sales to €13.5m.

Perfume and cosmetics makes up 80 per cent of turnover although some of the growth has come from diversification towards other markets such as pharmaceuticals.

VPI also said the development of new markets in cosmetics and perfumery helped boost sales figures.

The company has also been laying the foundations for future growth with an investment of €2m over the past 30 months in production and technology. VPI’s production plant in Orgelet has been redesigned and updated with new equipment.

VPI hopes that these efforts will prepare it for future expansion as the company intends to reach a turnover of €18m two years from now.

The company is a subsidiary of plastics injection firm Faiveley Plasturgie, which develops products for a number of industries besides cosmetics.

To help achieve its growth target VPI will work with the other firms within the group to spur innovation and share resources.

VPI has already developed new concepts for make-up compacts by working with another business in the group, Grand-Perret, using processes and technologies from the automobile industry.