Farmec

Farmec S.A.
Societate pe Acţiuni
Industry Chemical industry, Bioproducts engineering, Personal care
Founded 1889 [1]
Headquarters Cluj-Napoca, Romania
Area served
 Worldwide [2]
Key people
 Mircea Turdan (CEO)
Products Cosmetics, Personal hygiene, Household hygiene
Revenue 121,000,000 RON (2012) [3]
Number of employees
 600 (2012)
Website www.farmec.ro/en

Farmec (meaning 'spell', 'charm', 'grace' in Romanian) is the largest cosmetics manufacturer in Romania. The company manufactures and sells beauty products, household hygiene products and other chemical products.[4] Farmec is headquartered in Cluj-Napoca, where the company hosts a variety of its factors of production. As of 2013, the company possesses a large production plant in Cluj-Napoca and employs 600 people. Farmec benefits of an economy of scale.[5]

Farmec is a S.A. type of company, the employees comprising a majority of the shareholders.[6]

History of Farmec

In 1889, the Molnar Moser laboratory was founded in Bucharest.

During the Second World War, Mol-Mos, a laboratory affiliated with Molnar Moser was opened in Cluj-Napoca. This laboratory was nationalized and expanded; it independently became known as Cosmetic Company No. 21 (Întreprinderea de produse cosmetice Nr. 21 in Romanian).

By 1972, the laboratory has been vastly expanded and modernized. It became known as the Farmec Factory of Cosmetic Products (Fabrica de Produse Cosmetice Farmec).

In 1995, Farmec was privatized via an employee buyout.[7]

Trading brands

Farmec products are commercialized under a variety of brands: Gerovital, Aslavital, Farmec, Doina, Aslamed, Triumf, Nufăr, Nufăr verde.

Each of these brands appeals to a different target audience. For example, Gerovital offers cosmetics such as Gerovital H3 serum, whereas Nufăr verde includes environmentally sustainable household cleaners.

Gerovital H3 controversy

Farmec owns the production rights and trademark of the Gerovital H3 treatment.[8] Gerovital H3, a serum developed by the Romanian doctor Ana Aslan claims to be an effective anti-aging treatment. The opinions about whether this chemical preparation is a medicine or a nutrient are mixed.

Bibliography

  1. ↑ The Farmec story: 1889
  2. ↑ [http://www.curierulnational.ro/Actualitate%20Companii/2012-02-20/Dupa+50+de+ani+de+export,+Farmec+se+uita+si+la+pietele+vecine> After 50 years of export, Farmec is looking at neighboring markets]
  3. ↑ Farmec Cluj Napoca had a revenue of 121 million RON last year
  4. ↑ The pole of Romanian cosmetics: products dating from the Communist era, in high demand from Romania to Japan
  5. ↑ Visiting Farmec: part II
  6. ↑ Farmec sales increased by 16% in 2011
  7. ↑ Farmec, a Romanian company with tradition
  8. ↑ Farmec: our company
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