As part of its development strategy, 4Mass plans to focus on further development of the catalogue of offered products by introducing a full range of face, eye and lip cosmetics, in order to build full availability of cosmetics from the make-up category.
The Company concluded an agreement with a foreign entity: "Guangzhou Colorite Cosmetic LTD", under which it is the exclusive distributor of face, eye and lip cosmetics offered for sale by the contractor under the Catkin brand. The concluded agreement covers the cooperation of the Parties until the end of 2020, with the possibility of its extension.
4Mass plans to focus on activities aimed at developing own sales, increasing production capacityThe company has also expanded its paint packaging line by adding a new automatic line, which will contribute to increasing production efficiency, especially hybrid nail polishes.
The company intends to develop own production selected products from the make-up category (the company plans to apply for EU funding to obtain funding for the construction of the production plant).
The company's strategy is to start self-manufacturing of masses necessary for further production of varnishes, as well as expanding the availability of 4Mass brand products on foreign markets.