2021 continued to be a year with COVID-19 making headline news.
We started the year with vaccinations hoping that this would help us return to a normal life, and we ended the year with booster shots.
If 2021 was the year the world turned the tide against the pandemic, then 2022 will be dominated by the need to adjust to new realities.
Whilst the beauty industry remains a resilient industry with brands recovering during 2021, we have not yet seen that pulled through the supply chain.
For Toly business levels remained flat, ending the year with a similar sales level to 2020.
After a very slow start to the year, with many countries in their second lockdown, business levels did recover throughout the year, but not enough to offset the slow first quarter.
On the other hand, Toly continued to develop and launch many new exciting products across all our many categories.
- Make up
- Fragrance, and
Not just for the legacy brands, but also for the emerging, indie, digital brands that are fast disrupting the beauty industry.
Over the past few years we have continued to strengthen our financial foundation as well as diversify our risk, balancing our geographies, our sources of supply, our product diversity and our customer spread.
In 2021, at Toly we did not have a dominant customer.
Instead our top 10 customers accounted for just 54% of our sales.
Despite our lack of growth, we did not slow down our capacity for innovation with a clear focus upon dispensing and application systems.
Toly now has more than 100 innovative applicators across the categories of Lips, Brows, Face and Skincare.
During the year we created an audio visual studio in our innovation centre, a 3D printing farm to compliment conventional manufacturing, a rapid prototyping lab as well as a real focus upon sustainability with new materials, packaging solutions as well as the move towards fully electric moulding machines.
In 2021, we also celebrated our 50th anniversary of manufacturing in Malta, although I have the feeling that we are just getting started.
So let’s continue to
Be Different…Think Different
For a Sustainable Future
as the best is yet to come.
Chairman & CEO
Revolutionizing the Beauty Industry: Toly's 360-Degree Sustainable Beauty Development Platform
In this post, we will delve into the concept of Toly as a 360 Degree Beauty Development Platform which includes the comprehensive services offered by Toly, and the remarkable benefits that cosmetics, and makeup brands can reap by collaborating with us. As we embark on this transformative journey, we place great emphasis on sustainability, eco-friendliness, and ethical practices in packaging and product development.
The Power of Constant Transformation
As a company, Toly believes that constant transformation is the key to achieving sustained growth and success in the ever-changing beauty industry. Our journey towards becoming a leading global packaging solutions provider has been characterized by our commitment to transformation.
Toly Goes Green with Elle’s Green Beauty Stars
Our paperfoam godet holder is a revolutionary packaging solution that is both eco-friendly and unique. The biodegradable material is 100% home-compostable and recyclable along with paper. The unique molding process also allows us to create forms and shapes that are not possible with conventional card manufacturing. Additionally, the godet holder design allows the consumer to easily refill the pack by pushing out the godet from a hole in the bottom of the holder.
Toly's Paperfoam Godet Holder finalist for MakeUp LA Packaging Innovation Award
Our Paperfoam Godet Holder has been selected as a finalist in the packaging innovation category in the MakeUp in LA awards! Our innovative product was shortlisted by the jury members along with 23 finalists after a thorough examination of more than 120 submissions.
French and Spanish youth inspired to Think Different in a visit at TOLY’s Head Offices
A group of academic youths, undergoing a Master’s Degree in International Commerce at the Université de Cergy Pontoise in Paris, was yesterday welcomed by TOLY CEO & Chairman Mr. Andy Gatesy and Chief Marketing Officer Ms. Dorien Bianco for a tour of the Head Offices to attain insight on the way the organisation conducts its business worldwide.
A Positive Mindset
With people still working from home, there has been a fundamental shift in the way that we work. There is a new energy around people, a new understanding, and a new sense of empathy. The world has realised that whether we are in Asia, Europe, or North America, we are all in this together.
Toly's Strategic Evolution
Change is the only constant, and our Corporate logo is no exception. For Toly, we chose to keep elements of our original logo and built on to it, to mirror Toly’s success story over the last 50 years. This is why this year; we have officially changed our logo from Toly – Passionate About Packaging to include Building On Beauty.
- Milene Ganado
- Company News
- Created 16 Mar 2022
- Modified 22 Mar 2022
- Hits 728