Toly Products, the Malta-based producer of packaging products for the cosmetics industry, is planning further investment and targeting a 40 per cent increase in sales over the next three years.

CEO Andy Gatsey said Toly is to set up its corporate headquarters in Malta, which will include an innovation centre.

“Our strategic aim is to become a €100 million business by 2015.”

Mr Gatsey touched on the cost of energy, saying Malta needed to remain competitive, and lower costs (particularly of electricity) would be welcome.

See interview on video above. The company was yesterday visited by Prime Minister Lawrence Gonzi. Full story in The Times.

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