Cosmewax, a leading company in the development and manufacture of cosmetics for third parties, continues to strengthen its global presence in 2024. After closing 2023 with a turnover of 40 million euros and a 16.7% increase in revenue compared to the previous year, the company is beginning a new stage of growth with an innovative factory dedicated to skin care products.
This outstanding performance is due to a comprehensive strategy that includes expanding its product catalog and greater penetration in key international markets. These actions are combined with more effective marketing campaigns and improvements in its production processes, allowing Cosmewax to increase its capacity to respond to growing global demand. 98% comes from exports abroad, some of its main clients include well-known chains and brands such as Boots, Superdrug, Rossman, Oriflame or Yves Rocher.
The new factory, located in Puzol (Valencia) SPAIN, has entailed an investment of nearly 11 million euros and will allow the company to increase its production capacity by 50%. The facilities, which cover 5,100 square meters, will be equipped with cutting-edge technology and will meet the highest standards of quality and sustainability, including a photovoltaic installation for self-consumption of energy.
One of the pillars of Cosmewax's success is its commitment to innovation and sustainability. The Spanish company constantly invests in research and development to create products that meet the needs and expectations of its customers.
In addition, Cosmewax has adopted sustainable practices in all its processes, from the selection of raw materials to the production and distribution of its products. This approach has allowed the company to reduce its environmental impact and position itself as a benchmark in the personal care industry.
In this sense, Cosmewax has been awarded the Platinum Medal, the highest recognition for its achievements in sustainability.
This evaluation was conducted by EcoVadis, a globally recognized platform that measures companies’ performance and commitment across various areas, including environmental impact, labor and human rights, fair business practices, ethics, and sustainable procurement.
Achieving a Platinum Medal places Cosmewax in the top 1% of companies evaluated by EcoVadis worldwide.
