Lora Beauty develops nanotech tissue masks

Innovation

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Hungarian cosmetics maker and importer Lora Beauty has developed a new line of tissue masks that use nanotechnology for hydrating, anti-aging and vitamin facial treatments in a HUF 191 million project, the company told state news wire  MTI.

The project was supported by a HUF 110 mln grant from the National Research, Development and Innovation Office.

Lora Beauty is making preparations for the serial production of the tissue masks.

Managing director Viktor Vetési said the company has operated since 2000 and now has a staff of 29.

Lora Beauty had after-tax profit of HUF 150 mln on net revenue of HUF 860 mln last year, he said. This year, Lora Beauty targets profit of HUF 200 mln on turnover of HUF 1.1 billion, he added.

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