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Estée Lauder Expands Manufacturing Facility In Melville, New York

June 7, 2013: 12:00 AM EST
Estée Lauder said it is expanding its production facility in Melville, New York, as part of its efforts to optimize the plant size and gain better economies of scale. With revenue in 2012 reaching $10 billion and an EBITDA margin of 22.4 percent, the company's efforts to streamline its operations to improve efficiencies and lower costs would push its margins higher. The company shut down its Oakland factory in April 2013 and merged the facility's operations with the Melville plant. Two new fragrances are set for launch in 2013, further boosting the company's fragrance division, which has a 4.6 percent share of the market and contributed $1.28 billion in revenue in 2012. Estée Lauder's makeup division, which accounted for about 38 percent of the company's 2012 revenue, launched a limited-edition Bronze Goddess Summer Collection.
"Estée Lauder Smells Market Share Gains With New Launches", Trefis , June 07, 2013, © Trefis
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